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!

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The Wall Street Journal Publish Blatant Lies About The Gold Market

October 30, 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…

Today is a big day, but I can virtually assure you one thing and that is the FED is not going to reduce QE. They will leave everything status quo – Which will either lift the price of gold & silver or at the very least, continue to give major support for the precious metals.

Peter Shiff said that the FED will do the opposite of taper and that is to add even more QE.  So why wait until gold and silver breakout to buy? Isn’t the philosophy to buy when it’s low and sell when it gets high?

They know something you don’t know…Why would the FED tell US banks to be prepared for 30-day crisis if they didn’t see one coming? The can is getting smaller and the road to kick it down is getting shorter. I know that you know they lie to us, but they certainly know the truth- they’ve seen the true report on how Consumer Confidence Plunges Most In 2 Years

Case in point: Paper Gold Versus Physical Gold – Summed Up In One Picture.

The cat’s out of the bag and everyone knows it…

“Screen Traded Fiat Gold Could Get a Violent Wake-Up Call” – Already more prudent hedge fund, investment and pension fund managers have liquidated their ETF positions in favor of allocated physical bullion. We would expect that trend to accelerate as prudent investors rightly seek to avoid the high level of counter-party and systemic risk associated with exchange traded gold and other forms of unallocated gold and paper gold.

In the Financial Times, veteran financial journalist and gold watcher, John Dizard noted the increasing strain in the physical gold market and detailed how that should lead to much higher gold prices.

Read More Here

Also read,

Gold’s Gift on the Eve of Zero Hour – While the price of gold has been range-bound between $1,290–1,420 since late July, we remain on watch for evidence of what we’ve labeled “Zero Hour.” That’s the moment when a major commodities exchange runs out of gold to settle a contract and settles in cash instead — a default. At that moment, the price of physical gold in your hand runs away from “paper gold.”

As we go to press, signs of stress are in the system — especially in GLD, the giant ETF that’s a proxy for the price of gold. We’ve never much liked GLD. It has too much “counter-party risk” — the risk that whomever you’re doing business with won’t, or can’t, live up to their promises.

Among those promises is that heavy-duty moneybags investors can exchange their GLD shares for actual metal — an option not available to you, the retail investor. But now even the big boys can’t trade in their shares for the real thing.

Read More Here

Physical Gold Demand Remains High – Bloomberg reported earlier this week that the central banks of Russia and Kazakhstan added substantially to their gold holdings in defiance of the wave of gold bearishness sweeping the market since April, according to a recent IMF report.

Read More Here

This is some dangerous stuff guys, please be aware of ALL the facts. If you are not aware and your broker is not making you aware, feel free to reach out to me-

Richard Russell, a 60+ year market veteran said it best (Full article below) “It’s a question of buying stocks at all-time highs after the averages have doubled, or gold, the despised metal that appears to be pushing out of an impressive base. “ It’s really as simple as that!

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…

The Wall Street Journal Published Blatant Lies About The Gold Market – Over the past year or so there has been a very aggressive attempt by Wall Street and the financial media to discredit gold as both an investment and a store of value against the intentional devaluation of the U.S. dollar by the Federal Reserve and the Government.

As a perfect example of this, the Wall Street Journal published an article yesterday titled, “Gold Fades From Investment Picture.”  You can read the article here, which I’ve reproduced except for one irrelevant picture of gold bars. The truth is that China, and other countries, are buying gold hand-over-fist and there’s not really much that western Governments can do to stop it.

The price of gold has been contained by the U.S. Fed, the Bank of England and ECB through the use of paper derivative gold contracts – futures and forwards.  It is also highly suspected that the Bank of England released 1300 tonnes of physical gold from its vaults as described above to help keep a lid on the price of gold.

The GLD gold trust has had over 500 tonnes removed from it since mid-December 2012.  Accounting for the gold that has been removed from all of the physical gold ETFs plus the Comex in New York, roughly 700 tonnes of gold being stored by various institutional custodians has literally disappeared from sight.  We have no idea where this gold has ended up, but it’s safe to say that most, if not all, of it has ended up in private vaults of Central Banks and investors in all of the gold major gold importing countries.

Read More Here

Also related, read from 60 year market veteran Ron Rosen: People missed major news yesterday

Richard Russell: This Is What Has The United States So Incredibly Terrified – The Fed has placed us in a dangerous situation.  At the slightest hint of cutting back, the markets go into a swoon.  This means that the FED must continue with QE.

This is a dangerous game and not everyone has to play it.  Personally, I don’t have the stomach to play this latest Wall Street game of musical chairs.

As for gold, I continue to think that this is a game of patience.  The world is battling the forces of deflation and it’s going to take an increasing amount of QE just to stand still … The most interesting story at this time is gold.

It’s a question of buying stocks at all-time highs after the averages have doubled, or gold, the despised metal that appears to be pushing out of an impressive base.

Read More Here

Celente – Get Ready, Capital Controls Coming To US & Europe – This is unprecedented.  This is criminal activity that has ruined the lives of millions of people. You can see what’s going on worldwide.  ‘HSBC sees gold demand in Asia surging as inflation fans sales.’  Inflation keeps going up and so do sales of gold.  Again, going back to India, they are doing everything possible to restrict the inflow of gold into India, to artificially keep the price down, but inflation keeps going up.  It keeps going up around the world.

The only reason it doesn’t go up in the United States is because they lie about it.  ‘Let’s make an artificial inflation rate, keep it low, and pretend that everything is getting better.‘  Inflation is also going up in Japan.

So, in all of these countries around the world they know the story and they are buying gold.  I’m not saying it, HSBC is saying it, and they’re a bank. There are a lot of reasons, as I see it, for holding gold.  How are they going to rein in this cheap money?  They’re not.  They can’t.

Read More Here