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…
What is funny in a twisted kind of way is that we have all these economists warning of a market crash – Similar to the one that would resemble 1987’s crash and yet people are still “all in” the equities. Some people choose not to believe that “something” could happen… not this time.
In this piece recently released regarding the 2008 crash, Janet Yellen said: “I Didn’t See Any Of That Coming Until It Happened” So, if members of the FED didn’t see it coming, then how can you or I? My point is that we should start taking the precautionary measures now because of ALL the people who do say they see it coming.
With that said – Ignore These Six ‘Events’ At Your Own Risk
Hold on to your paper proxy’s such as ETF’s, SLV & GLD at your own peril:
Gold,silver ETFs face black swan event – The potential for a black swan event in gold and silver exchange-traded funds appears to be growing. I’m not making an outright call on such a scenario, but I am fearful that precious metals ETFs could crash even as gold and silver spikes higher. I’m always on the lookout for such events and I’m finding data and pricing set-ups that suggest a coming meltdown.
I’ll soon get out of our recent Revolution Investing SLV trade. I’d like to get out of the iShares Silver SLV 1.83% trade completely in the next week or so and let the physical silver (and gold) remain as I’ve said before, forever.
As you know I don’t trust the paper ETFs like SLV or the SPDR Gold Trust GLD 0.99% for the long-term and this was just a trade. This SLV trade has been a classic example of the approach of trimming down slowly in scale with tranches after having slowly scaled into the position on tranches, as was the strategy I’d outlined at the time.
Speaking of not trusting the precious metal ETFs like SLV or GLD, take a look at this chart courtesy of Comex showing the amount of registered gold in their vaults.
Although I frequently suggest a dollar cost averaging strategy, sometimes my words can become mundane (or fall on deaf ears) – But hearing it fresh from someone else in a different tone, well, sometimes it helps to solidify ones understanding….
The Most Profitable Route For Gold & Silver Investors – While much information circulates in our community regarding the impetus to buy gold, there is one classical item, which could use attention with respect to the value of buying during corrective periods.
That item is the power of dollar cost averaging over time.
When one creates and reviews a set of dollar cost averaging numbers, it becomes apparent that during these periods of severe price decline and accompanied mental exhaustion, great wealth is made.
Bottom Line: The discipline of incremental investment over time may position one for explosive upside gains and reduced downside risk. Ensure that whatever it is being accumulated however, is fairly priced, and of increasing fundamental value. For example, illustrated below are two hypothetical price performance periods in gold:
Don’t Do It Guys….
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…
If you read only one thing today – Let it be this one…
We’re Seeing History Being Made In The Gold & Silver Markets – Most investors base their decisions on price. Successful investors base their decisions on value. We continue to hear that investors are waiting for confirmation that the “bear market” in gold, silver and mining shares is over. They wait for a higher price to signal that there is value. They do so at their financial peril.
Experience told us that June 27th was the bottom for the precious metals and mining sectors. When you see panic sells and waterfall declines on large volume, it signifies a bottom regardless of the market sector. We saw that in the late morning on that day. The bottom was in yet many people await further confirmation.
This is how you avoid making a large fortune in our view. The value in these sectors is tremendous. Savvy investors see it. It is an historic stampede to own gold and silver. Waiting for “the moment” to acquire the metals and miners is a serious financial mistake.
Gold & Silver To Skyrocket As Stocks Begin Historic Collapse Ron Rosen, who has been at this business for almost six decades says: I’m focused on three things right now — gold, silver, and the stock market averages. The stock averages are at a point where they are ready to collapse. I expect at least a 66% decline on the Dow and the S&P 500. But this will simultaneously be accompanied by a huge move up in both gold and silver. The move in gold and silver will be quite dramatic to the upside. I expect new all-time highs by the first quarter of next year. At the same time, we will be witnessing a collapsing stock market.
This collapse that I am expecting in stocks will be quite dramatic, and the depth of the decline will frighten most markets participants because they will not expect such a severe collapse. This next advance in gold, which will take place against the backdrop of a collapsing stock market, will take the price of gold to somewhere between $2,300 and $3,000. Silver’s advance will be even more spectacular. The price of silver should surge to roughly $150 an ounce. Silver will be making new all-time highs along with gold early next year.
You have to remember that I’ve been studying the markets now for almost 60 years, but I have to warn you that we are about to enter a period of turmoil that will usher in some of the most dramatic action I have ever seen in the global markets. Investors need to be mentally prepared for the chaos that lies ahead so they don’t panic”
MARC FABER: 1987 STYLE MARKET CRASHING COMING IN FALL OF 2013! The Gloom, Boom, & Doom report’s Marc Faber was back on CNBC’s Futures Now with an ominous warning for the second half of 2013. Faber compared the current action in the stock market to that in the late summer of 1987, and predicted that a similar massive stock market crash/panic is coming this fall and the equities would close out 2013 at a 20% or more decline.
Things Must Be Turning Around If CNBC Posts a Bullish Article: Demand for physical gold jumps 53% in second quarter – Global consumers aggressively ramped up purchases of physical gold in the April-June period, led by opportunistic buyers in emerging markets at a time when the precious metal suffered a record quarterly loss, the World Gold Council (WGC) said on Thursday.
Consumers around the world bought 53 percent more bullion in the second quarter from the year ago period, bringing total purchases of gold jewelry, bar and coins to 1,083.2 metric tons, according to WGC’s quarterly report on demand trends. Bar and coin demand in China is at an all-time high, while demand for jewelry is up more than 50 percent compared to a year ago.
Given that Chinese investors have traditionally bought gold when the price is rising, this level of demand in a falling price environment suggests that Chinese consumers’ confidence in gold remains strong in the long term. Last month, the organization said it expects China to overtake India as the world’s top bullion consumer this year as New Delhi steps up restrictions to curb gold imports.
Singapore Fund Manager – Perfect Storm Now In Gold & Silver – You have what is basically a perfect storm here because the biggest sellers of gold over the last 20 years have been the central banks. Not only have you taken the biggest supply out of the market, but you’ve turned it into demand.
You (now) have had this smash down in paper, and all that has done is bring out this voracious demand for the physical metal. This is amongst a group of people (Asians) that now have the money to do that (buy massive amounts of gold).
There were lines here in Singapore, and I had friends of mine go out all over Asia and take pictures of queues around the block in Macau, Hong Kong, Bangkok, and even places like Zurich and Australia where you wouldn’t normally expect that kind of behavior.
So there is pent-up demand for gold, and I think it’s an understanding of what gold represents and the safety it provides in uncertain times, particularly when paper money is being created with abandon. By driving the price down, they have just made it more attractive.