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!


The Shocking Reason Why Gold Was Soaring Yesterday

October 23, 2013 9:05 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…

Today I have a couple of questions for you – What does it say to you when the former Chairman of the FED makes the following statement: Alan Greenspan: ‘ The system is broken’ ?

What does it say to you that Foreigners Sold U.S. Assets as China Reduces Treasuries and Singapore Inks Direct Currency Trade, With China

What does it mean to your future that we are hearing from more and more economists and traders that we are beginning to see a loss of confidence in the US Dollar and De-crowning the dollar, and the ‘collapse’ ahead?

What does it say that 90,609,000: Americans Not in Labor Force Climbs to Another Record  and that The Big Takeaway From the September Jobs Report: The Economy Is Stalling

Even Fleckenstein Capital President and Founder Bill Fleckenstein discusses the reasons to short stocks? Bill says that The Fed is Never Going to Stop QE, The Bond Market is Going to Stop Them.

I will tell you what all this it says to me… We are and have been in a massive storm and it started in 2008. We are now in the eye of the storm when everything thing seems quiet and peaceful.

Then,when you come up for air, you still see signs of more storms ahead… heck, even the weather man is telling you the storm is not over – He tells you to go back in and protect your family, there is only a little time left until the second surge of the storm hits!

This is the exact same thing guys – The warnings are all over the place and just like a storm, there is no telling WHEN its going to hit, but you want to be sure you and the family are protected right?

Last question… Your net worth, your portfolio – Is it under a million or over a million? If it’s under, you are in more trouble than you think – I know a million sounds like a lot, but look at this…

How times are a changin’ – A Million Dollars Isn’t What It Used to Be – In 2007, an investor with $1 million could earn $60,000 annually on a certificate of deposit. Today, that same CD would earn $12,000, which makes things a lot more difficult for savers.

In closing – A new study from GALLUP showed For First Time, Americans Favor Legalizing Marijuana 

Well no Sh@t! Just look around us and see whats going on and more importantly who is causing it and you know there is not a damn thing you can do about it –

Sitting in a room with a thick cloud of smoke eating a bag of cookies with drewl coming out of the side of your mouth doesn’t look like such a bad option… right?

 

Put down the joint, wake up and get prepared!

 

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…

Here Is The Shocking Reason Why Gold Was Soaring yesterday – I need for your readers to understand the scale of what’s really happening here:  GLD lost 1.2% of its entire inventory overnight, just in the last 24 hours.  That is absolutely staggering. I think the real risk from the standpoint of investors who want to stay on the sidelines until the technical action in gold looks better, is the fact that we are now in a situation where one day in the not-too-distant future, people could wake up and gold is trading several hundred dollars higher.

There is no rule that says when a price suppression scheme can’t be orchestrated any longer, and we are now getting to that point, that a major slingshot in the price of gold cannot come into play.  People could wake up to force majeure getting declared by the Comex, and essentially JP Morgan and the other bullion banks settling all of their contractual obligations outstanding for gold delivery in cash.

These bullion banks are allowed to do that, and this is certainly what’s going to happen, but then there is going to be a total panic.  There are roughly 90 – 1 claims for every ounce of physical gold in existence, and most of those claims are paper.  That cannot be reconciled.  It’s not possible.

So, when various entities wake up one day and realize they have been forced out of what they thought was exposure to gold by the Comex and the bullion banks, and they are settled in cash, there is going to be a mad scramble for physical gold around the globe — the likes of which the world has never seen in all of human history.  But this scramble for gold won’t be happening at anything close to existing prices.  This is where we will see gold soar to $2,000, $3,000, $5,000 an ounce and more.

Read More Here

60-Year Market Veteran Says US Is Within Months Of Collapse – We are now at a fork in the road for the markets and there is no way back.  Either we are going to enter an electronic hyperinflation, or we head south and the major averages will collapse.  But, regardless, gold is going to super-spike.

According to my work we will have an indication sometime in March of next year as to which road is going to be taken.  Now, between October of this year and March of next year, I suspect the sh*t is going to hit the fan in a big way.  In fact, I strongly believe that stocks will collapse by nearly 70%.

All of this can be seen in the patterns that are repeating from the 1960s and 1970s. What I can promise you is that the price of gold will be on an absolute tear to the upside during this chaos.

Read More Here