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…
As I dig into my research in the early hours, it appears to me that it’s a split decision on “will they or won’t they” taper.
The consensus is that if the FED does taper, it’s going to be about $10 Billion off treasuries and leave the MBS alone. So the big question is… What difference will $10 billion make?
Keep in mind, As taper looms, this is what the real economy looks like
So, if this happens, it means that the FED will continue to juice the markets at the rate of only $75 billion every month. Sounds absolutely absurd doesn’t it? Only $75 billion every month. In fact, some say that the Fed has been putting ‘beer goggles’ on investors
On the other side of the consensus, there are people who say they will not start the taper process today because the fragile economy is nowhere near healthy enough to do it, I am of this thinking. Very few things surprise me, but if they do take away the juice at any level, this would be one of them.
In an interview from Matterhorn Asset Management, Egon Von Greyerz says “there will be no tapering”.
The fact is, nobody can guess what the FED will do, but all we can do is fasten our seat-belts for a bumpy ride today –
After reading this, it seems as though the Markets priced in taper lite, but what if we get taper zero? so there shouldn’t be any major surprises unless they do not taper,… we will know by 2pm est today.
Which ever way you want to look at it, this is just another distraction pulling our attention away from the bigger problems we are facing – One of those bigger problems is that Obama to ask business leaders to push Congress to raise debt limit so how can the FED pull back if the prez wants even more debt? Questions that make you go hummm….
On another note, Jim Rogers was out in full force yesterday talking about how it doesn’t matter who gets the FED chair seat because they are all “lapdogs” for the establishment. and in another interview, he says that Bernanke will go down in history as an absolute disaster and there should be nobody appointed to the FED chair – It should be completely abolished.
Reminder: Take your blood pressure meds today and don’t eat lunch, you will want an empty stomach at 2pm
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…
“Major Shortage Of Physical Gold” Has Fed Greatly Concerned – As the world awaits the Fed’s decision, today a 42-year market veteran told King World News there will be no tapering and that the gold will soar “after the Fed has surprised the market tomorrow.” Greyerz also warned KWN that to further complicate matters for the Fed, there is a “major shortage of physical gold” ahead of their decision. Below is what Egon von Greyerz, who is founder of Matterhorn Asset Management out of Switzerland, had to say.
There is a major shortage of physical gold, and Western governments and central planners are doing what they can to sell or lease their gold into the market. This has the Fed greatly concerned ahead of their decision. At the same time, the manipulation in the paper market continues.
I am convinced that the relatively small correction we have just seen was simply manipulation prior to the Fed announcement tomorrow. As you know, Eric, I have said for some time that there will not be tapering. So, they had to get gold down because it’s likely to go up substantially after the Fed has surprised the market tomorrow.
Remarkably, only one half of 1% of world assets are invested in gold. Considering what will happen to the world in the next few years that percentage will go up dramatically, but that will only happen at much higher prices since there is virtually no physical gold available at these prices.
Here’s Why There Is A War In Gold Near The Key $1,300 Level – Ahead of the Fed announcement and the ongoing war in gold continuing near the key $1,300 level, today the man who provides macro research and commentary to many of the largest financial institutions and top hedge funds around the world sent KWN 9 absolutely stunning charts, which included gold, and other incredibly key markets.
Taking a look at the Gold relative to Net Commercial position chart, we find that (despite gold’s recent pullback), the trend line remains well intact. As with the ‘05 and ‘08 snap- backs into (bullish) trend line, small retreats should be expected along the way. In our estimation Gold has already formed a firm bottom and prices will reverse recent declines and move steadily higher….
As well, whether the Fed tapers or not our creditors will likely continue to unwind their US debt holdings. They see the writing on the wall for the Dollar, which will ultimately leave the Fed as buyer of last resort. If the Fed does in fact taper and our creditors continue to unwind positions, this could send rates moving swiftly higher forcing the Fed right back into the game. All of this will inure to the benefit of Gold, Silver and the mining shares.
If Nothing Else, Own Gold to Protect Your Wealth Against Financial and Geopolitical Risk – For the past four years, the US Fed Fund Rate has been essentially zero, and we have a massive money-printing, monetary inflation that creates a huge pool of liquidity. And, as I have mentioned many times previously, I have my doubts about the US employment figures and certainly don’t believe there is a global recovery at hand. And, in order to protect yourself, it is essential to diversify and minimize your risks from economic, political, geopolitical and other factors.
Your portfolio should include physical gold that is held out of the banking system. And, this physical gold does not include gold exchange traded funds, or limited edition medallions. Gold is not like other commodities; it’s the only honest currency and an alternative currency to all paper currencies.