Silver News

The Mission Of The Silver News Surfer Has Always Been & Will Always Be - To Preserve Your Wealth, Protect Your Purchasing Power and Create Generational Wealth!

May Health Wealth And Success Be Yours!

Here We Go Again! Systemic Risks Sweep The Globe!

August 23, 2013 8:21 am est

The Mission Of The Silver News Surfer Has Always Been & Will Always Be – To Preserve Your Wealth, Protect Your Purchasing Power and Create Generational Wealth!

May Health Wealth And Success Be Yours!


On to the business of protecting your wealth…

So many times I talk about silver and gold being the ultimate hedge against inflation, money printing and geo-political tensions – I also talk about the importance of physical silver and gold as a hedge against counter-party risks and more importantly – SYSTEMIC RISKS.

We’ve all heard the expression – There is safety in numbers – Another way to say it is there is safety in the numbers… of physical ounces held outside the financial system!

Yesterday, the shutdown of NASDAQ was a clear example of systemic risks: Was is a glitch,were we hacked, or was it a test of the emergency broadcast system for what is coming our way when the equities crash?

They Actually Expect Us To Have Faith In These Financial Markets After This Week? – What in the world is happening to our financial markets?  Trading on the NASDAQ was halted on Thursday for more than 3 hours, and the only formal explanation that we got was that it was a “technical issue”.  On Tuesday, Goldman Sachs made thousands of “erroneous trades” that are now being canceled.  If those trades had not been canceled, it could have cost Goldman “hundreds of millions of dollars” according to the Wall Street Journal.

How nice for them that they get a “do over”.  When Knight Capital made a similar “trading error”, they were not so fortunate.  Our financial system has become completely and totally dependent on computers, and that means that it is extremely vulnerable.  After what we have witnessed this week, how can they actually expect us to have faith in these financial markets?  And what happens if these “technical issues” get even worse?

The stoppage on the NASDAQ on Thursday was unprecedented.  Trading in literally thousands of stocks and options was halted.  Big names like Apple, Netflix, Intel and Facebook were affected. As of right now, officials are not telling us what caused the “technical issue”, but there are rumblings that hacking was involved.

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That’s not the only risks we face today… Its like we are living in the twilight zone. Moody’s is Considering Downgrading Top US Banks Yet Again. It’s been 5 years and we still haven’t got it right!

There is a lack of faith and trust in the US currencies across the globe –  Because China & Japan are Dumping Treasuries at Alarming Rate.

There are reports from Gallup that show US Jobless Picture Is Worse Than We Think. How much worse and why? They are telling us that everything in the economy is improving right?

This is confirmed by the fact that The U.S. median household income, once adjusted for inflation, has fallen 4.4 percent. (Understand, this report is based on the FED inflation rate, not the “real” inflation rate.)

So if we are creating all these jobs and the economy is getting better, why is the household income shrinking?

The answer is that 75% of the jobs being created are only part-time jobs and thus, families are making far less then they are accustomed to making, so much so that Retailers are more concerned this season than any other.

As you walk around the mall or the major retail stores like Walmart, Macy’s and such, it appears they skipped right over Halloween and Thanksgiving and went right into Christmas… In August!

Allow me to assist you in understanding these ever changing and challenging financial markets and more importantly, how you can profit on the upside potential and protect yourself from the downside risks….

Now, onto the breaking news that matters…

Yesterday, I posted my research findings that said Silver To Rally Due To Coming Dow Crash and now today, Ron Rosen, a 58 YEAR market veteran says this…

Stock Market Collapse To Accelerate As Gold & Silver Skyrocket – On the heels of recent strength in gold and silver, today a 58-year market veteran warned King World News that the collapse in global stock markets has only just begun.  Ron Rosen, who has been at this business for almost six decades, believes stocks are now poised for a breathtaking collapse.  He also told KWN that gold and silver will skyrocket as the markets begin this historic collapse.

Silver hasn’t even taken out its high of $50 from 1980.  Silver needs to rise nearly $30 from current levels just to take out that 1980 high.  But silver will outperform gold in every conceivable way in the future.  I expect for silver to hit roughly $150 in the next 18 months, and that’s not even half way to where I expect the ultimate price of silver will rise.

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9 Reasons Gold Will Continue Will Accelerate Higher – This brief “analysis” demands your full consideration. Now, please consider the possibility that you, my dear reader, will look back upon this six months from now and think: “How could I be so stupid? All of the signs were there! Why wasn’t I buying up all the physical gold I could get my hands on?” Prepare accordingly.

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Gold’s rebound seems believable this time – The strength of bullion amid growing expectations for the U.S. central bank to scale back its bond buying program in September is a sign that a solid base may have formed in the yellow metal, say strategists. We’ll see gold prices continue to rise quite strongly over the next couple of months,” said Andrew Su, CEO of Compass Global Markets.

Sarin recommends buying gold on pullbacks, noting that September is seasonally the most bullish period for gold. Looking at the yellow metal’s performance since the 1960s, median returns for gold are approximately 2 percent during the month, far outpacing any other month of the year, he said.

The precious metal is up six percent since hitting a 4-year low. John Bridges, JPMorgan, joins to discuss why gold is a wealth protection device and a good thing to own if you are uncertain about the direction of the markets.

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