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…
Recommendation: Go into a quiet place and read this report cover to cover; without this knowledge, I believe your finances will perish.
Let me start out with the same old news, just different numbers. Gold COMEX Inventories Hit ANOTHER New Low If this doesn’t speak magnitudes of supply and demand, I don’t know what does. However, people still ask “if supply is low and demand is high, why are the prices still low?”
Answer: Market Intervention, manipulation, whatever you want to call it.
To understand this, and to understand that this cannot continue, you must read the latest announcement from the CFTC with regard to silver manipulation (you know, the guys who regulate the industry and go after the bad guys for wrong doing) The Shocking Truth About Secret Documents & The CFTC The bottom line is they have closed their 5 year investigation for allegations of manipulation in the metals market from JPM and found NO wrong doing.
That’s right guys! Gold & Silver are free trading markets! JPM has been accused of and fined for and admitted to manipulating virtually every market out there, but not the metals market. This shows you the massive cover up in the metals. Who is in who’s back pocket? This again shows the importance of YOU having silver and gold in your portfolio. They see the important roll that silver and gold play in the financial world… do you?
How do you feel when you read this stuff? You’ve got to have questions, concerns and comments – Pick up the phone and share them with me. I might not have all the answers guys, but I do know some of the solutions and they don’t all pertain to silver and gold.
On another note… Do you ever wonder how we got in this hole in the first place? Wonder no more… $5.25 Million For Senate Hair Care And 21 Other Ways Politicians Are Living The High Life At Your Expense
When policies are written, such as the new “affordable health care act (LOL I even laughed while writing that) here are 8 things to know about Obamacare (that you were too afraid to ask) If this bill was presented to you, (and you read it) would you have agreed to it and passed it into law?
Lastly, I’d ask that you read What You Need to Know About the U.S. Budget Deficit & National Debt then tell me that everything is as A-OK as they keep telling us.
I don’t want you taken off guard. I want you to be educated and knowledgeable about everything happening around you. Please continue to read the breaking news below…
And for Pete’s sake, don’t be afraid to pick up the phone and call with your questions, concerns or comments – I don’t bite. I may bark from time to time, but bite? Definitely not!
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 U.S. Is Going To Experience One Hell Of A Collapse – There is going to be a major catalyst for the precious metals. It may turn out to be some entity that is not able to make physical delivery. It may also be trouble coming out of Europe from the PIIG countries. But there are also major problems with excessive debt in US cities, as well as Puerto Rico.
All gold and silver investors have to do now is sit back and continue to be patient. There is definitely going to be another crisis that will run gold and silver prices higher. There has been speculation about the price of gold dropping below $1,000. I don’t care what anybody says, that’s not going to happen.
So investors need to put aside their frustrations and continue to sight tight because the policies of the US government, as well as other countries around the world that are printing money, are going to be highly inflationary. In fact, it shows the tremendous depth of the crisis the world is now facing that throwing helicopters of money at the problem is not turning the situation around.”
The US dollar has lost 98% of its purchasing power, so there has already been tremendous inflation; it’s just been over a long period of time in America. Inflation is an truly an insidious thing because it literally destroys countries as it erodes savings over time.
Calm Before The Storm As The World Heads Into 2nd Meltdown – Hard asset investors just have to be patient with their positions and that means staying with gold and silver. I see a lot of catalysts on the horizon that will dramatically increase the metals prices — whether it’s the Middle East, Europe, or America, things are not going to stay the way they are. They are precariously balanced and it will tip one way or the other and this will cause a surge in precious metals.
But people really need to be prepared because there are black swans out there and they could occur at any time. When they occur you are going to see huge changes in major markets. Right now this is like the calm before the storm. That is how I would characterize the world today.
So we are just waiting for the storm because we know it’s coming and it’s just a question of how much damage will be done? During the coming carnage gold and silver are going to be your best performing assets. Gold and silver are going to become the ‘must own’ assets as the turmoil unfolds.
Collapse Is In Hindsight – It Is A Matter Of Time – CAUTION! Before you continue…
If you believe that total government debt can grow FOREVER and more rapidly than the underlying economy, this article is NOT for you.
If you believe that governmental deficit spending, QE, and bond monetization can continue FOREVER without major consequences, this article is NOT for you.
But if you are sane enough to know that our current economic policies will produce a “train wreck,” read on…
The U.S. economy is being overwhelmed by a loss of faith and trust in politicians, government, and bankers, excessive debts, artificially low interest rates, unsustainable deficit spending, expensive wars, QE (money printing) to infinity, “Inflate or Die” monetary policy, potential derivatives implosion, Obamacare and so much more. A slow-motion collapse is occurring and most of us do not see it. Consider these thoughts from insightful writers:
This Is Why The Price Of Gold Is Now Set To Super-Surge – The Fed told people that after QE1 they were bringing it to an end, and then they flipped. They told people the same thing after QE2, and they flipped again. After ‘Operation Twist’ it was the same message, but they flipped once again.
Our view is that by not doing anything, after having given this very strong guidance that they were in fact going to taper, what the Fed injected into the financial markets is a large degree of uncertainty. And if there is one thing the equity markets dislike more than anything else, it’s uncertainty. Therefore, the way you are seeing stocks trading at the moment is a reflection of that uncertainty which has now been injected into the market.”
All of this has led us to the conclusion that the equity market could really start to struggle in the September – October time period of this year. It’s quite possible that the ‘put’ factor might be coming out of the equity market. If this is correct and we do get this downside move that we expect in the general stock market, this would be a setup for conditions that would see the gold price trade significantly to the upside.
Why The Budget Debate In Washington Matters For Gold – It’s no secret that Democrats and Republicans in Washington don’t exactly see eye-to-eye on how to handle the government’s finances and, as was the case back in 2011, this could have a big positive impact on the price of gold.
Weary gold bugs out there should also take note that the metal’s price reached its all-time high above $1,900 an ounce during the 2011 debt ceiling crisis. Few are expecting a repeat of those late-summer events two years ago, but dickering in Washington could give precious metals a real boost that could change the outlook in a very positive way for technical traders.
The Treasury Department said today that October 17th is the drop-dead date for raising the debt ceiling, so, there is now a 16-day window from a potential government shutdown on October 1st and the more dangerous raising of the debt ceiling.
Naturally, the credit rating agencies are keeping a close eye on things in Washington and it’s worth remembering that the big moves for financial markets back in 2011 didn’t come until after Standard & Poor’s stripped the U.S. of its Triple-A rating.
Though Standard & Poor’s and Fitch Ratings haven’t commented, according to this Bloomberg report yesterday, Moody’s warned that a shutdown or default “would damage the nation’s credit quality.” Like most investors, Moody’s expects lawmakers to avoid a shutdown and raise the debt ceiling.