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…
The Mind Boggling Chart Of The Day – Luckily, the average American is so bad at math they can’t read this chart and understand the implications. They remain willfully ignorant of their plight. After a lifetime of working, the median Boomer household has managed to accumulate $12,000 of retirement savings. That means that 50% have even less than $12,000 for their retirement.
Today at 2pm, the minutes of last months FED meeting is released and as noted yesterday, it always induces volatility.
As a reminder however, regardless of the outcome, we can have confidence that September is right around the corner.
What is surprisingly pleasant, is that the number of people who I talked to yesterday, want silver to come down one last time so they can load up, this past weeks rally has showed them the strength in silver, be it from short covering rallies, speculators going long in paper futures or a confirmed bottom on June 28th. Silver is a powerful mover, both on the upside as well as on the downside.
I know that we’ve all been mad at the manipulation that has happened since April 15th, but in retrospect, it seems more like an opportunity for some and anguish for others.
I think that people are starting to “get it” now. The silver and gold market is not all about one catalyst, its about several catalysts happening at once that is driving the price higher and in my opinion, that should continue for the balance of the second half of this year and into the first half of next year.
We must not forget to keep our eye on the ball regardless of what happens today. There is so much going on fundamentally, technically and geo-politically.
For example, when you get the answers to the questions that are on your mind, are they the answers that satisfy your individual questions or concerns? Many people ask themselves after a rally… What Are The Biggest Factors In The Gold Market?
We have all seen all the uprising in Egypt over the past weeks and the massive violence within the brotherhood and Al Qaeda, but it is not contained to just there…This report overnight shows just how crazy things are getting in the East Hundreds Dead In Syrian Chemical Attack and Here
Even where there is no Civil turmoil, in Japan for example, Japan’s nuclear agency has upgraded the severity level of a radioactive water leak at the Fukushima plant from one to three on an international scale.
It seems although the entire world is on fire and there is not enough water to extinguish the fires – Its a dangerous place guys, I hope you’re taking cover.
In the words of Gerald Celente (Trends Research Journal) When people have nothing to loose, they loose it! And that is certainly what appears to be happening in todays world.
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…
Silver Prices Today Riding Higher on these Four Trends – There are several reasons for this move up in silver prices – reasons that will carry silver prices to $40 an ounce – and then $60 an ounce – by 2014. With a lot of “crash talk” making the rounds – like the Hindenburg Omen – now’s a good time to be taking gains in the white metal. Here are just 4 reasons that today’s silver price is the start of more double-digit weekly gains in 2013…
Sprott: We Are Now On The Verge Of A Historic Meltdown & Collapse – I guess I’m always unnerved as a result of what happened in April, the last time the President of the United States had a meeting with all of the bank heads, and two days later the price of gold was trading smashed for over $200. Now, the President is meeting with all of the heads of the various agencies, institutions, the Fed, and all of the other key money entities in the United States today. What’s that all about?
But clearly if the President is having this meeting, there is a crisis unfolding somewhere in the background, and it could very well relate to the dollar, interest rates, and the massive derivatives market associated with interest rates…. Rising interest rates are a killer in an over-levered economy, and that’s exactly what we’ve been seeing in the United States.
So, when watching currencies, the only thing I am interested in is the price of gold and silver, which is real money. Gold and silver are putting in a better performance, although they are still being restrained. The fact is that they are building a super-base, and that’s what the central planners should really be afraid of, the U.S. dollar collapsing against gold and silver.
I said it last week and I will say it again, we will now see historic and catastrophic wealth destruction. It’s going to be something to behold, and investors who want to survive this financial holocaust had better be properly positioned.
Gold Is Flooding Out Of London To Switzerland At An Alarming Rate – It seems a lot of that gold is being sent to Switzerland so that the 400oz bars can be melted down into different sizes that are more amenable to Asian sensibilities. So, as many of us suspected all along, what has happened is lobotomized Westerners have sent much of their gold to Asia just as the financial system prepares to melt down again. The fact that the market has absorbed all of this and yet we still have a backwardated market is extremely bullish.
The Secret Document That Proves China Considers The United States To Be A Mortal Enemy – Sadly, most of the people that will end up reading this article will not take it seriously, China is defeating the United States on a whole host of fronts right now….
China now has the largest new car market in the entire world.
China has more foreign currency reserves than anyone else on the planet.
China is the number one gold producer in the world.
China is also the number one gold importer in the world.
Are you starting to get the picture?
33 Shocking Facts Which Show How Badly The Economy Has Tanked Since O Became President – Compared to when he first took office, a smaller percentage of the working age population is employed, the quality of our jobs has declined substantially and the middle class has been absolutely shredded.
If we are really in the middle of an “economic recovery”, why is the homeownership rate the lowest that it has been in 18 years? Why has the number of Americans on food stamps increased by nearly 50 percent while Obama has been in the White House? Why has the national debt gotten more than 6 trillion dollars larger during the Obama era?