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!


3 Fantastic Charts Showing Gold & Silver To Continue Surge

October 25, 2013 8:37 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…

Just so you know, next week the FED meets again on the 29th & 30th… So will it be a trick or a treat?

Either way, I’d be getting prepared with shaving off some equities today and into early next week and use those weakened dollars to buy something of value.

Why? Because you’ve been tricked – People can lie, but numbers don’t!

Gold Performance Vs The Dow Over The Past Decade – The following chart may surprise some. It shows that the Dow has only produced a 49% return over the last ten years, probably not enough to cover even government-admitted inflation. On the other hand, gold, which fell into disrepute for the last couple of years, has returned 399% over this same period.

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The SocGen came out yesterday and Warns There Is “Possibility” Fed May Increase QE Next Week

I don’t think anyone trusts what anyone says anymore – We know the system is “broken” as Alan Greenspan said this week – There are reports that say American Distrust in Media Hits Record High It’s about time people shut off the TV and search the Internet for their information… there is where you can find the truth and challenge yourself on what you believe to be the truth.

Heck, if you want a full and complete break-down of how the biggest casino in the world runs and operates, just read this… More Deception at The Comex The worlds largest casino run by the worlds biggest banksters – I mean gangsters!

Here is the question you should ask yourself similar to this hedge fund manager who said Gold is your only hope”: Do you believe in numbers or do you believe in magic? He summed it up perfectly.

If you don’t believe in magic and you do believe in numbers, I would invite you to read Measured Against Gold, US Dollar Purchasing Power Drops By 99.9% So, with ALL DUE RESPECT, please stop making excuses of why you should not buy gold or silver and start giving the reasons that you know you should buy – the dual personality inside your head is getting tired of fighting –

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…

3 Fantastic Charts Showing Gold & Silver To Continue Surge Gold is breaking through resistance around $1,343 and should move towards the $1,430.  We continue to be of the bias that Gold is setting up for a multi-year rally and a break above the $1,522-$1,532 area would solidify this view.  In periods in which Gold does well, Silver actually outperforms.

It is already setting up a double-bottom, which targets $24.40, and an overshoot of that area could take Silver towards $26 in the near-term. Through ($25), $26 is an important resistance area (lows from late 2011 and 2012) and a move through there suggests much higher levels for Silver going forward.

Read More Here

Staggering Physical Gold Demand Now Overrunning Shorts – I have told you for some time that we have seen the lows in gold, and I will say it again, the lows are behind us.  People need to get rid of their bearish mentality and understand that we have now entered another bullish phase inside of this secular bull market in gold.

What is also of extreme importance here is the ongoing decline in the US dollar.  The bottom line is foreign nations are no longer comfortable with how the United States is handling its financial affairs.  They have therefore taken matters into their own hands and they are aggressively cutting dollar holdings.

I fully expect the dollar decline to accelerate as we get into November because of some of the horrendous economic numbers, which will be released in the US.  So, even though the dollar is oversold and could get a small bounce, after that bounce we will see a big slide in the dollar. The question is, what is going to happen go the price of gold in US dollar terms?  My view is that with the big slide coming in the US dollar, this is when we will start seeing a large move in both gold and silver.  We are already seeing a big move in gold in other currencies — it’s just a matter of time before we see that type of strong action in gold in dollar terms.

Read More Here

Gold and silver prices bounce back as the Fed stops manipulating them down and why this will continue – What is likely going to happen with bullion is that it will now advance gradually against all these depreciating paper currencies. The central banks are going to keep the printing presses going for as long as it takes to achieve their goal: that’s a global economic recovery, not the hyper-inflationary slump that is coming!

In the meantime bullion will be back as the hedge against currency depreciation and monetary inflation. Ask an Indian how this works. Food prices are up 18 per cent in the past year in India and the rupee has collapsed. Only those with their money in gold have actually beaten inflation.

Besides from a technical perspective gold is well placed for a price rebound (sorry Goldman Sachs you have your chart the wrong way up!). We are with Clive Maund on the recent bottoming out of gold and silver prices in the charts (click here).

The Fed won’t intervene in the bullion markets to help prop up rival currencies to the US dollar and as these are the ones most in danger now gold and silver are the right place to have your money.

Read More Here

Just For Fun Friday….

The year is 1910, over one hundred years ago. What a difference a century makes – Here are some statistics for the Year 1910:

The average life expectancy for men was 47 years.

Fuel for this car was sold in drug stores only.

Only 14 percent of the homes had a bathtub.

Only 8 percent of the homes had a telephone.

There were only 8,000 cars and only 144 miles of paved roads.

The maximum speed limit in most cities was 10 mph.

The tallest structure in the world was the Eiffel Tower !

The average US wage in 1910 was 22 cents per hour.

The average US worker made between $200 and $400 per year.

A competent accountant could expect to earn $2000 per year, a dentist $2,500 per year, a veterinarian between $1,500 and $4,000 per year, and a mechanical engineer about $5000 per year.

More than 95 percent of all births took place at HOME.

Ninety percent of all Physicians had NO COLLEGE EDUCATION!

Instead, they attended so-called medical schools, many of which were condemned in the press AND the government as ‘substandard.’

Sugar cost four cents a pound.

Eggs were fourteen cents a dozen.

Coffee was fifteen cents a pound.

Most women only washed their hair once a month, and used Borax or egg yolks for shampoo.

Canada passed a law that prohibited poor people from entering into their country for any reason.

The five leading causes of death were:

1. Pneumonia and influenza

2. Tuberculosis

3. Diarrhea

4. Heart disease

5. Stroke

The American flag had 45 stars.

The population of Las Vegas Nevada was only 30!

Crossword puzzles, canned beer, and iced tea hadn’t been invented yet.

There was no Mother’s Day or Father’s Day.

Two out of every 10 adults couldn’t read or write

Only 6 percent of all Americans had graduated from high school.

Eighteen percent of households had at least one full-time servant or domestic help.

There were about 230 reported murders in the ENTIRE U.S.A. (but almost everyone had a gun!

Now lets speed up the timeline….

Comments made in the year 1955!That’s only 58 years ago!

‘I’ll tell you one thing, if things keep going the way they are, it’s going to be impossible to buy a week’s groceries for $10.00.

‘Have you seen the new cars coming out next year? It won’t be long before $1,000.00 will only buy a used one.

‘If cigarettes keep going up in price, I’m going to quit. 20 cents a pack is ridiculous.

‘Did you hear the post office is thinking about charging 7 cents just to mail a letter

‘If they raise the minimum wage to $1.00, nobody will be able to hire outside help at the store.

‘When I first started driving, who would have thought gas would someday cost 25 cents a gallon. Guess we’d be better off leaving the car in the garage..

‘I’m afraid to send my kids to the movies any more Ever since they let Clark Gable get by with saying DAMN in GONE WITH THE WIND, it seems every new movie has either HELL or DAMN in it.

‘I read the other day where some scientist thinks it’s possible to put a man on the moon by the end of the century. They even have some fellows they call astronauts preparing for it down in Texas .

‘Did you see where some baseball player just signed a contract for $50,000 a year just to play ball? It wouldn’t surprise me if someday they’ll be making more than the President.

‘I never thought I’d see the day all our kitchen appliances would be electric.. They are even making electric typewriters now.

‘It’s too bad things are so tough nowadays. I see where a few married women are having to work to make ends meet.

‘It won’t be long before young couples are going to have to hire someone to watch their kids so they can both work.

‘I’m afraid the Volkswagen car is going to open the door to a whole lot of foreign business.

‘Thank goodness I won’t live to see the day when the Government takes half our income in taxes. I sometimes wonder if we are electing the best people to government..

‘The drive-in restaurant is convenient in nice weather, but I seriously doubt they will ever catch on.

‘There is no sense going on short trips anymore for a weekend, it costs nearly $2.00 a night to stay in a hotel.

’No one can afford to be sick anymore, at $15.00 a day in the hospital, it’s too rich for my blood.’

‘If they think I’ll pay 30 cents for a hair cut, forget it.’

Kinda makes you long for the days gone by doesn’t it?