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…
There’s a lot to cover today, so lets get right to it…
I bet you thought it was over… While all the distractions going on here in the US, Over the weekend U.S. Raids in Libya and Somalia Strike Terror Targets and of course, Libya Condemns U.S. for Seizing Terror Suspect
Lets not forget about Egypt, At least 34 dead in Egypt as holiday turns violent and Dozens Are Killed in Street Violence Across Egypt
We have to face the fact that the world is on fire and we have to take the necessary precautions to protect ourselves now; because when the system comes down, it will be too late to act… the time to act is NOW!
Things like this don’t just blow over, they just go un-reported by main stream media and the reasons for that is because all of the distractions created here in the US – Now, as the tables turn once again, we will see the MSM talking about all the uprising in the East so as to take our attention away from the bigger issues here at home… Which are some of these…
So, with all of these well respected, seasoned veterans calling for another painful mess, what is an investor to do?
First, I’d look at history and see what has been the flight to quality and safety and do the same thing today.
To understand what it means, lets take a look at what Wikipedia defines as the “flight to quality and safety”
Now, if they say the flight has always been to Treasuries and gold, yet nobody (except the FED) seems want Treasuries, that only leaves only one other option now doesn’t it.
Secondly, I’d look East… far East and look over to China – They are set to re-open tonight after their week long holiday. With that, and the “silver Market Update” below showing a strong “head and shoulders bottom” we should have a very interesting balance of this quarter.
To understand China’s important roll in the gold market, these next 2 links should surely bring you up to speed…
Also View: Uncovering China’s Rush for Gold
The fact is that the US will not default on debt obligations which means they will raise the debt cieling and this in turn means the US will print, spend repeat!
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…
Silver Market Update With Clive Maund – The reason for posting a new Silver Market update at this juncture is that we appear to be at an optimum “buy spot”, for gold, silver and Precious Metals ETFs and stocks, as both gold and silver have dropped back in recent weeks to mark out the Right Shoulder low of what is believed to be a large Head-and-Shoulders bottom, The Head-and-Shoulders bottom in silver is more obvious than the one in gold, as it is more or less symmetrical.
Astute traders will recognize the opportunity inherent in this setup, for if this H&S is indeed valid, then we are clearly at an excellent entry point at this Right Shoulder low, as a major uptrend should follow.
The volume pattern during the development of this Head-and-Shoulders bottom is exactly what one would expect of a valid pattern, with the volume on the decline to the Left Shoulder trough being high, that on the decline to the low of the Head being less, and that on the decline to the Right Shoulder trough being less again. See Chart.
The Calm Before The Precious Metals Storm – After trillions of dollars of so-called monetary assistance, the financial damage appears to be repaired giving the public a false sense of security that the storm has finally passed. Unfortunately, the world has only dealt with the first part of the storm and is now sitting in the eye of the financial cyclone.
To keep the precious metals from exploding higher, price action was capped at the end of 2012 and then after several huge raids in 2013, market sentiment in gold and silver was severely eroded as demand in the West dried up.
Of course this does not apply to the “1% Educated” precious metal investors as they realize you can’t manipulate fundamentals forever, but it does impact the psychology of the 99% — and this is the group that would ultimately push gold to highs never seen before In the chart below, we can see how orchestrated manipulation of the precious metals can impact market psychology.
Gold bulls may face austere Indian festive season – Last week’s two percent decline in spot gold prices is not discouraging gold bulls who’re turning their sights on Asian demand, which they say remains resilient and is set to strengthen on seasonal buying from India. India will celebrate the Hindu festivals of Dussehra in the third week of October and Diwali in the first week of November, a period when buying gold is considered auspicious. The traditional wedding season in the autumn is also a key time for gold purchases.
Gold demand has remained relatively strong world-wide even though demand has sagged in the United States and Europe,” said Edmund Moy, Chief Strategist at Morgan Gold and a former director of the U.S. Mint, This is primarily because Indians and Chinese have a strong cultural bias toward gold as a storehouse of wealth.