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…
First and foremost, today is the quarterly options expiry, volatility may ensue, but use it to your advantage because we have such a mess going on in every direction this warrants your complete attention.
US shutdown nears as house votes to delay health law Raise your hand if you read through the “UN-Affordable Health Care” bill.
Some people I talked to last week said “let the shut down, who cares, they need an unpaid vacation to smarten up!” While that might be true, but a government shutdown could be a pricey proposition for you and me according to how much it costs in the last 2 shutdowns in ’95 & ’96.
I don’t even know how to begin a segway into this post, except to say it is a must read for anyone who want’s the facts & figures on QE and the growth (or lack thereof) of the economy… WITCHES BREW: FINGERS OF INSTABILITY! The UNTAPER and Ponzi finance –
There are so many issues on the table today, so forgive me for being all over the place.
In other breaking news, I need to be sure I’ve got this one right. Late Friday afternoon Obama Talks on Phone With Iran’s Leader, Negotiates With Tehran After 2 decades of not talking…
But yet he says he will not negotiate with republicans Seriously?? Does this make sense to you or am I really missing something? He’d rather negotiate with Tehran than with his own countries leaders? That speaks magnatude doesn’t it?
Then, Sen. Tom Harkin says to Congress: “We are at one of the most dangerous points in our history.” and Politics have reached civil war levels. Are you guys getting this? Anyway… here’s What you need to know if DC’s fiscal follies deepen
On a different note (or lack thereof notes) are bank holidays becoming the norm? Are these more “tests of the emergency broadcast system?” On Friday afternoon, without ANY prior notice, The National Bank of Panama announced that it was suspending all services until Tuesday the 1st of October. That means, like Cyprus, families can’t cash their paychecks, buy groceries or access any money until Tuesday.
In a follow up story to the CFTC investigation of silver manipulation, (or as they’ve said, the lack thereof) this is a must read story from John Hathaway…
CFTC Stonewalls Hathaway’s Request For Information – Today King World News is reporting breaking news that the CFTC has just stonewalled 42-year market veteran John Hathaway’s request for information about suspicious trading activity in the gold market.
This news comes on the heels of the CFTC dropping its 5-year investigation into silver manipulation, despite the fact that two JP Morgan whistleblowers came forward with information that JPM blatantly engaged in manipulation.
In this KWN exclusive interview, Hathaway, who is one of the most respected institutional minds in the world today regarding gold, and whose fund was awarded a coveted 5-star rating, discusses the CFTC stonewalling and much more.
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…
THE FED QE MACHINE: Inflationary Valuations for Gold & Silver – The rate at which the dollar is being abandoned by international trade portends the end of the US. Dollar as a reserve currency much sooner than later. This is the very reason why the paper price of gold and silver have been manipulated lower since 2013. The threat of much high gold and silver prices is an immediate threat to the Dollar.
It is truly amazing to see the price of silver actually lower than it was before the Fed’s QE 2 program in 2010. Furthermore, the price of gold is also not much better off as it is only a few dollars higher during the same time period.
While the central banks have been able to prop up the fiat monetary system a bit longer, the fundamental valuations of gold and silver are hidden out of view waiting for the right time to explode.
Unfortunately, the majority of investors will not be able to take advantage of this great wealth transfer as the revaluation will occur virtually overnight. The time to exchange fiat currency for real money in gold and silver is running out.
Gold Analysts Bullish Due To Money Creation On Scale Never Seen In History – The Federal Reserve decision to refrain from a QE taper is very bullish for gold. ‘Tapering’ may be put off indefinitely due to the very fragile state of the massively indebted U.S. economy. This means that interest rates must be kept low for as long as possible, leading to money printing and electronic money creation on a scale never before seen in history. This will inevitably lead to higher gold prices – the question is when rather than if.
An Investing Opportunity of a Lifetime: Lessons from the Sprott Precious Metals Roundtable – I recommend an asset allocation of about 25% in equities; 25% in fixed income, securities and cash; 25% in real estate; and 25% in precious metals—gold, silver. I think I have around 25% in gold whereby I don’t value my gold. I have it and it’s my insurance policy.
It is important that one day when the so-called spit hits the fan—and I think the Fed is well on its way to creating that situation.
Poker End Game – JP Morgan, Fed, US Treasury, China & Gold –On the heels of continued speculation about exactly what “customers” JP Morgan is referring to that it trades for in allegedly manipulated markets, today 40-year veteran, Robert Fitzwilson, put together another tremendous piece. Fitzwilson, who is founder of The Portola Group, discusses what JP Morgan, the Fed, the U.S. Treasury and even China may really be up to and what all of this means for major markets, including gold and silver.
He, like so many other wealth managers says diversification out of paper currencies into real assets is the proper strategy. Energy, gold and silver remain as crucial components of the foundation of a portfolio.
Jim Grant – The World Will Witness Extreme Monetary Disorder – I am very bullish on gold. I am bullish on gold because it stands to be an island of refuge, if, as, or when our central bankers really go off the deep end.
I have a feeling that inflation will finally be the result of all of this. But whether the outcome is kind of a derangement of credit, or whether the outcome is a Jimmy Carter era type of inflation, gold will be a nice thing to have around. It’s an investment in monetary disorder. And what we have now certainly are the makings of a very, very important chapter in the history of monetary disorder.”
GOLD BETTER THAN BONDS – This chart is so important we really want you to take a hard look at what it’s telling us.
Very simply, this ratio chart compares gold to bonds. When it rises, gold is stronger than bonds. And when it declines, gold is weaker than bonds. Gold tends to rise during inflationary or generally good economic times. That’s why the ratio’s been rising over the past decade.
The two exceptions were in 2008 and 2011, which were periods of recession and slow growth. In both cases, the ratio declined because gold was weaker than bonds. In other words, bonds usually outperform gold when the economy is weak and/or deflationary forces are more dominant.
This has clearly been the case over the past couple of years with the economy on thin ice. So where do we currently stand? We’re happy to report the ratio is again on the rise. Plus, the ratio’s leading indicator has surged higher, signaling the ratio is going to rise further.