Silver News

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!


What The BIG Money Is Doing After The FED’S Decision…

September 24, 2013 9:19 am est

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…

Above all, please be aware that today is options expiration day on the COMEX, so volatility should ensue…

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Today is a tale of two sides from two very respected analysts. Time will be the judge of who is right, but I wanted to put all the cards on the table for you; but before I do, lets take a look at some of the latest headlines ripped from various credible sites.

Another Bank Cyprused –

Breaking: Italy – The world’s oldest bank said in a statement that it won’t pay interest on about 481 million euros ($650 million) of outstanding hybrid notes

US manufacturing growth slows as demand eases

The Credit Bubble Is Not Only Back, It Is 94% Bigger Than In 2007

US PMI Misses Expectations To 3-Month Lows; Orders And Employment Tumble

The Federal Reserve has no intention to pull back on its monthly bond buying and instead is more likely to increase it due to economic weakness

On Main St., Obamacare hurts hiring: Staffing CEO

Americans’ Belief That Gov’t Is Too Powerful at Record Level

Now onto the tale of two sides…

If you remember back on June 7th, I brought you an explosive video from Larry Edelson who said that “gold is ready to explode higher” and  we know, 20 days later on June 27th, we hit a low.

Now Mr. Edelson is out with an update for his premium subscribers saying “A Few Things Need to Happen Before Gold Rallies” herein, it seems that he is not quite sure what’s happening and if gold has even bottomed.

Don’t get me wrong, I like Larry and I respect his work, but which is it? Is it “explode” or is it “maybe” going down for a retest of the lows or lower?

The point I am making is that NOBODY knows what is going to happen based on charts anymore. When the system is manipulated, everything goes out the window. Even someone like Edelson who makes a strong call and “puts his reputation on the line” for his followers can’t get it right.

Back in June, it was ready to explode and now he says “A few things need to happen” Lets just admit our wrong call instead of trying to cover up our tracks, I think we’d get more respect that way. As noted, we all try to call the market, but nobody really knows the time. The call is right, just not the time.

Arm Wrestling

On the other side of the table, we have Bo Polny, Jim Sinclair’s chartist who on June 27th said “Gold’s Bottom Has Finally Arrived” and when he called that bottom for gold  as we know, gold had launched $200 higher from that date. Bo, in a recent release also goes on to say that “We have before us a Gold Bull Market. Do not listen to people who are calling for $1000 Gold; it will never happen again!” 

I know we get tired of hearing the same thing over and over and yet see no results. I am of the camp that regardless of where you buy, you must buy to preserve your wealth, protect your purchasing power and create generational wealth. When you do buy,  just sit back, be patient and good things will come to you and your patience will soon be rewarded. One problem with Americans is that we want it all and we want it now. Look at the difference between US and China. The have more patience, thus they get more reward. They buy the gold as the US investors sell????

In a brief conversation with a customer yesterday, I was telling him how the past several years were fairly easy to call the markets based on the dollar, QE and gold, now, right when you know something is happening, the complete opposite happens and you are left scratching your head.

There is a WAR happening in our midst. This was however, is different than any other. it has no assault rifles, no tanks and no men on the front lines – We are at a war with our currency and because gold and silver have always been money and the FED and Gov’t like the paper stuff they can print at a push of a button, (unlike gold and silver) they despise it.

I’ve said so many times and will continue my pursuit – Paper money that takes no labor to duplicate or hard money that nobody can duplicate? At the end of the day, the choice is your’s – The best part is that you can chose a bit of both – chose wisely!

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…

What The Big Money Is Doing After The Fed’s Historic Decision – Big Money and savvy investors that are well informed will use the extra time being purchased by the Fed’s decision to batten down the hatches.  Rough waters are in our future.

As for asset classes, despite the negative sentiment for gold, silver and the miners, as well as the cult belief that stocks are the winners, the HUI and the metals have significantly outperformed the Dow, the S&P 500, and the TLT since the bottom on June 27th.  We expect that outperformance to continue, taper or no taper.

Read More Here

Two Astonishing Charts Show Gold & Silver Now Ready To Soar – The outlook for silver is also bullish.  This chart shows a huge multi-year accumulation pattern called a cup-and-handle.  The handle is now being formed.  The top portion of both sides of the cup is at $50 on silver.  A break above that level will begin a massive move higher in the price of silver, and that’s when silver’s bull market will really get underway (see chart below).

I think this long-term chart puts the potential for silver into its proper perspective.  I also like these long-term charts because they will help us avoid being distracted by any upcoming volatility as the US government tries to sort out its financial problems.  Both gold and silver will be headed into the stratosphere as soon as this cup and handle formation experiences an upside breakout.”

Read More Here

Eric Sprott – Bonds Are For Losers – We Will See People Moving Into Gold And Silver –  Sprott, says, “We’re buying more bonds on a daily basis, and rates still went higher, which is why I can definitively say the Fed lost control of the bond market. That is why they could not ‘taper’ because who’s going to buy all the bonds? Bonds are for losers.” Join Greg Hunter as he goes One-on One with gold and silver expert Eric Sprott who manages $8 billion.

Read More Here

U.S. Economy Stagnates Even With Massive Printing – Anyone who is paper trading this market and who isn’t apart of the Insider Banking Elite is truly insane.  The U.S. economy is on life-support.  You take that life-support away and the whole House-of-cards comes crashing down.

I believe one of the best ways to protect an individual’s wealth in the future will be in physical assets such as gold and silver.  Precious Metal Market Sentiment is still in the toilet, which is a very good sign. Unfortunately, many gold and silver investors are increasingly frustrated and seem to be losing patience.  My response to that is…. the frustration and fear in holding precious metals is exactly the reaction the Fiat Monetary Authorities where shooting for.

If you own the physical and look at your wealth in ounces of gold and silver… it doesn’t really matter what happens along the way.

Read More Here

Yesterday’s Top Story: Dollar crash now or crash later. How long can gold be kept in the box? Dr Paul Craig Roberts, former U.S. Assistant Treasury secretary, reckons Fed QE policy, and attempts to unwind from it, will lead to a dollar crash and ultimately an explosion in the gold price.

Read More Here

20 Ordinary Americans Talk About The Economic Despair That Is Growing Like A Cancer All Around ThemLet’s stop listening to the “officials” who tell us only what they want us to know and start listening to the “people” on the street.

There are hundreds of formerly prosperous communities all over America that are being steadily transformed into rotting, decaying hellholes.  The good paying middle class jobs that once supported those communities are long gone, and they have been replaced with low paying service jobs if they have been replaced at all.

When you visit those communities, it is almost as if all of the hope has been sucked right out of the air.  It can be absolutely heartbreaking to look into the hollow eyes of someone that has totally given in to despair, but unfortunately the number of Americans that are giving up on the economy continues to grow.

Today, the labor participation rate is the lowest that it has been in 35 years, and more than 100 million Americans are enrolled in at least one welfare program.  It is easy to say that they should just “get a job”, but as I have written about repeatedly, our economy simply is not producing enough jobs for everyone anymore.

Read More Here