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!


40-Year Market Veteran Says Gold & Silver Will Super-Surge

October 29, 2013 8:19 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…

Well that was like watching paint dry wasn’t it? That was the most uneventful options expiration day I’ve ever witnessed.

With that done and gone, we might as well go back to sleep until after the FED concludes its meeting Wednesday afternoon.

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…

40-Year Market Veteran Says Gold & Silver Will Super-Surge – On the heels of what appears to be an eerie calmness in global markets, today a man who has been trading major markets for over four decades told King World News that the gold and silver markets are now set up to super-surge.  He also provided two powerful charts, which illustrate why the metals are now set up to soar.  Below is what James Turk had to say in this tremendous and timely interview.

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Silver Manipulation: The Tip of the Iceberg – All Signs Point to a Roaring Silver Rebound: Don’t Panic! Buy Gold! Can’t Quite Afford It? Buy Silver! A dramatic decline of the dollar is unfolding before our very eyes, its imminent collapse just a hasty Fed policy away.

You will have to diversify your portfolio accordingly if you don’t want to lose everything. Gold bullion investments are a must if you want to hedge inflation and survive the crash. Silver futures will help protect you, too. Platinum and uranium offer some peace of mind as well.

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Historic End Game – “A Collapse To End All Collapses” – The West is headed into a historic collapse, and we have all of this misinformation in the mainstream media which is designed to fool people.  We are in the middle of the biggest financial bubble in the history of mankind.  The Fed and the Bank of Japan are combining for over $150 billion of QE each month.  Mario Draghi, head of the ECB has already come out and said they will backstop all European debt.

I am comfortable that the bottoms are in with regards to both gold and silver.  These markets went through some difficult times, even recently, when we had all of these big banks, including Goldman Sachs, calling for gold to go to $1,000.  But these large banks have no credibility in these markets at all.

This time the fundamentals for higher gold and silver prices are materially better than they were in the 1970s.  The other thing that doesn’t exist today is the capacity for doing what Paul Volcker did in 1980, and that is to hike interest rates to remove inflationary expectations.  This means that when the next inflation gets going there will be no way to stop it.  So, on that premise the gold and silver prices are headed significantly higher — far beyond what 99% of the population thinks is possible.

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LBMA Collapse, Gold & The Greatest Short Squeeze In History – The simple fact is that the LBMA collapse is coming no matter how many distractions that various agents of the bullion banks, or the mainstream media might seek to create.  And as that collapse of the paper gold fraud begins to take place, that is the moment in time when you will see what we have warned you about for some time now in the gold market, and that is the beginning of the greatest short squeeze in modern financial history.

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Gold Tests 5-Week Highs. “Should Continue Pushing Higher”: Citi – 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.

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