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!
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On to the business of protecting your wealth…
It was kind of interesting to me to watch silver yesterday when the US was closed for business. Silver in the Asia markets jumped .75 cents – But that is not to say that the US manipulates the price. Heck No, it was just normal trading when the US wasn’t involved.
What is also quite interesting is that a report was released that said Guess Which “Bearish” Bank Bought A Record Amount Of GLD In Q2 So lets see if I’ve got this straight… One of the largest banks (that some of us take investment guidance from) issued a sell on gold right before the price collapsed on April 15th and yet this same bank bought a record amount of the same stuff they told you to sell?
I told many of you when we talked back then that if they were so desperate to smash the price that hard to get it out of your hands and into their hands, it must be good for us!
So, here we are in the beginning of September and the screams of a market collapse from 40+ year market veterans are getting louder and louder – Are you reading this stuff? To some, it sounds crazy, but again, you have to read the BIOS on these guys to determine if they are crazy… However I for one am not going to question not only one 40+ year market veteran, but too many to list. (below are some examples)
I think they know what they are talking about, the only thing they can not predict is the time. Does it matter? Are the warnings and their experience enough? Equity Investors need to proceed with caution and keep your eye on the ball in September.
In fact, List of worries in September is about to get longer – September is historically the worst month for stocks, but this year, the calendar is a minefield for markets. From the Federal Reserve’s mid-month meeting to German elections, Japanese tax changes, and U.S. budget debates, there’s been a long list of potential catalysts for pain.
Add to that the sell-off in emerging markets which as the Fed signals a move to normalize rates has resulted in a jump in interest rates for emerging economies and has driven the Indian rupee to all-time lows. The looming possibility of a U.S. strike on Syria is the latest worry and is to be determined by the U.S.Congress when it returns Sept. 9.
On the other side o the coin… Silver Outshines Everything in the Market During August – and going forward, I am confident that due to the seasonality, dismal economic numbers, geo-political tensions, etc… we will see a similar report for September.
Now, I realize that past performance is not indicative of future results – But 38 years is pretty strong and compelling evidence!
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…
Gold’s Strongest Months Since 1975 Are September And November – Late summer, autumn and early New Year are the seasonally strong periods for the gold market due to robust physical demand internationally. This is the case especially in Asia for weddings and festivals and into year end and for Chinese New Year when China stocks up on gold.
This week will see the end of August trading and September is, along with November, one of the strongest months to own gold. This is seen in the charts showing gold’s monthly performance over different time frames – 1975 to 2011,
Absolutely nothing has changed regarding the fundamentals driving the gold market. We are confident that gold, and indeed silver, are still in long term secular bull markets likely of a 15 to 20 year duration.
Owning physical gold coins and/or bars in your possession and owning physical gold and silver in allocated accounts will continue to protect and grow wealth in the coming years.
A Terrifying Collapse Will Plunge The World Into Total Chaos – With fear escalating around the world about the state of the global economy, today a 42-year market veteran issued a frightening warning when he told KWN that a terrifying collapse will plunge the world into total chaos. Below is what Egon von Greyerz, founder of Matterhorn Asset Management out of Switzerland, had to say in this chilling interview.
As we have discussed in recent interviews, gold and silver will surge in September and they will both make substantial new highs in 2014. Gold will go up hundreds of percent from current levels, and possibly even thousands of percent. But, sadly, gold going up means a total mismanagement of the world economy, and the disastrous destruction of paper money….
Remember that if within the next 12 months gold reaches $2,500 and silver $70, in inflationary terms that will be absolutely nothing. The 1980 gold peak of $850 would today be in excess of $7,000 (when adjusted using real inflation). And silver, which peaked at $50 in 1980, would now be over $400.
We must also bear in mind that in 1980 the U.S. federal debt was $1 trillion, and today it’s $17 trillion. Total world debt was probably around $10 trillion to $15 trillion in 1980, and today it’s $250 trillion. So the exponential growth in debt will clearly lead to exponential growth in the price of real money, which of course is gold. So in the world we are likely to encounter in the next few years, nothing will preserve wealth better than gold and silver. But of course, Eric, it must be physical gold and silver, and it must be kept outside of the banking system.”
This just in: Societe Generale Strategist Albert Edwards sees a massive market crash on the horizon. Edwards might be an outlier, but he’s not alone in thinking that the emerging markets weakness — which threatens to become a globally reinforcing cycle — could usher in more pain. Yale economist Stephen Roach thinks emerging-markets woes could cause stock markets to enter a severe correction mode. Gold will climb to $10,000 when the correction comes, he says…
Investors Must Stay Focused During The Coming Chaos – On the heels of continued volatility in key global markets, today 40-year veteran, Robert Fitzwilson, put together another tremendous piece. Fitzwilson, who is founder of The Portola Group, warns KWN readers around the world that they must stay focused during the coming chaos.
War would clearly be a tremendous negative for the financial markets. Our belief is that war will be avoided based upon the fact that the U.K. has opted out of any coalition, and stern warnings have been issued by both China and Russia, suggesting that an attack on Syria could have devastating consequences such as a much wider conflict.
Absent a war, the most important issue upon which to focus our attention is the looming debt ceiling debate in the United States. While we prefer to call it the “spending ceiling,” our financial system relies upon the issuance of new debt. We cannot fund the Federal deficit without issuing new debt, let alone funding the mounting and enormous off-balance sheet obligations such as Social Security and Medicare which are racing toward us like a runaway freight train.
Art Cashin Warns Of Massive Gold Short Covering & Contagion – Today 50-year veteran Art Cashin warned KWN that the recent short squeeze in gold may continue and possibly even intensify.
It’s hard to see exactly where it’s headed, but that short squeeze and the backwardation are two key problems (for the shorts). Let’s go back to those emerging markets that we talked about. With the (Indian) rupee and the Indonesian currency dropping sharply, if you are a major businessman in those areas you say, ‘Wait a minute, my wealth and buying power are dissipating rapidly. I’ve got to protect myself.’