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!

7 Reasons Why Gold Is Poised To Take Off Again…

October 22, 2013 8:18 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…

I just want to try and sum things up – Sometimes, when you project your thoughts outwards, they seem to make more sense.

As noted yesterday and several times prior, Consumer Confidence is at an extreme low – Not so much because of economic growth mind you, its because of trust – Or the lack-thereof…

REPORT: JP Morgan Is About To Pay A Gigantic Fine, And It Could Still Face Criminal Charges

HSBC unit to pay $2.5 billion in fraud case

So they can do something so deceiving to the public that outright robs them and all they get is a fine, but its still business as usual the next day on wall street.

Also, Existing Home Sales Plunge At Fastest Pace In 15 Month As Affordability Drops To 5-Year Low No Spit! How can people afford a home and start to grow the housing market when the above referenced bankers are stealing all our money – And getting away with it? This is where people are invested? They haven’t learned lessons?

While we are destroying this great country, other parts of the world are watching and laughing – In fact, U.S. dollar hits lowest level against the Chinese Yuan since 1993 So some 20 years later, the Chinese currency is stronger than the US? Do you think this is a one shot deal? Nope! As noted many times, China has several countries who have signed a bilateral trade agreement to ditch the dollar and trade in Yuan or even Gold.

So with all of this mess that will take not only years, decades or centuries to repair, if ever, it no wonder that Fed’s Evans says: Shutdown may delay taper by months if in fact they don’t increase it as Marc Faber pointed out in yesterday’s report.

I will keep the following excerpt here for the next few days – I have had people call in yesterday with their “ah – ha” moment. I’m glad I was able to help… That’s why I do this everyday. Remember – I am not compensated for doing this, I do this out of my sincere love and concern for all people.

VIP: Here is something I’d like you to ponder for you folks sitting on the sidelines wonder when to buy silver and gold:

If you bought today at $22 and it just stayed range bound for 3 months or even 6 months before a major launch, would that frustrate you and get you mad?

Think of it this way… You are taking your US dollars that are getting weaker and weaker by the day and buying something that has a 3,000 year track record of maintaining purchasing power –

Don’t forget, the FED is still creating $85 Billion per month every month… How much silver and gold are being created every month? Obviously the dollar is being diluted by the day and that is in essence what gives the precious metals its staying power!

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…

Larry Edelson: 7 Reasons Why Gold Prices Are Poised to Take Off Again– I have every reason to believe gold will easily hit $5,000, or higher, by mid-2016.  For confirmation, all you need to do is look at this monthly cycle chart for gold, based on data back to 1792. We are now in the timeframe for a major low.

Then the cycles point substantially higher heading all the way into June/July of 2015, followed by a correction, and then another blast off into 2017. The final high, with gold hitting at least $5,000, should come sometime between 2016 and 2017, at the latest.

Read More Here

Gold and Silver Back Story vs Charts; Charts Are Superior – Almost everybody wants a back story, some information to explain what is going on with gold and silver, mostly looking for some kind of psychological calm as prices decline, or a ray of hope to reinforce why price may reach the sun and the moon. Is there anything that has not been presented, repackaged and represented that has not already been more than fully covered to justify much higher price levels? Have any of them achieved what was promised?

Continue, maybe even with a far greater sense of urgency, to buy and personally hold, both physical metals, gold and silver.

No one can accurately measure when central bankers will lose total control, but the signs are building. When the ultimate pressure is too great to contain, price will explode upside, leaving behind those who thought they were smart enough to get a better price or “see” more evidence of the obvious.

Read More Here

Indian gold traders struggle to get supplies – Gold importers in India, the world’s biggest buyer of the metal, struggled to get supplies on Monday, paying record premiums just ahead of the peak festival season next month.

Read More Here

And to back that up…

Silver Prices in 2014 Will Ride Higher Thanks to India – While silver demand among U.S. traders at the moment is muted, silver demand in India – the world’s biggest buyer of the white metal – is insatiable.

It will be one of the biggest factors supporting higher silver prices in 2014. And it all stems from a move the government made to limit gold buying… India – the world’s biggest gold buyer – imposed heavy import duties on the yellow metal this year to try and narrow India’s swollen trade gap. The government raised the import duty on gold three times this year to 10%.

In July, the government told importers that one-fifth of their purchases would have to be turned around for export. Only 80% would be available for domestic use. As these import numbers show, silver has become the “go-to” precious metal for India’s investors. The increased interest in silver will be a major price catalyst into 2014 – giving the white metal an edge over gold. Going forward, the recovery will be sharper in silver compared to gold.

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The Fundamentals of the Silver Market – The global financial crisis that began around 2008 sent investors into a tailspin. As the value of stocks plummeted, so the urgency to seek investment safe havens grew. The ongoing volatility in global financial markets is a natural catalyst for alternative investments such as precious metals. Among the most well-known precious metals is gold.

However, silver is not to be underestimated in any way. As traders seek to limit their losses and grow their net worth, alternative investments in precious metals become more attractive. Not only do these types of investments add variety and depth to a portfolio, they also act as safe havens against rising economic uncertainty. The silver market is one of the most heavily traded markets in the world, and the relative stability of this market is well noted.

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Richard Russell:  “I feel that it’s time to be increasingly careful regarding the stock and bond markets.  Consider this:  Since its 2009 low, the main stock averages have doubled.  So does it really make sense to buy stocks in an area where the stock averages have doubled, and where the Dow and the S&P sport dividend yields of less than 2.5%?  It’s true that money managers are desperate to create some income, and they are forced to deal with the only place where there’s action.

But that is not true of you and me.  We can enjoy the luxury of sitting safely on the sidelines while the markets wobble to and fro.  In the meantime, gold is a hated item.  Sentiment towards gold is comparable to sentiment at a bear market bottom.  Therefore, if you have to spend your money, I prefer gold at this time to stocks and bonds.

Read More Here