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!


Top Strategist: US Responsible For Metals Takedown Yesterday

October 2, 2013 8:59 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…

Important: Check back tomorrow for a very special report.

After yet another manufactured breakdown in the metals markets yesterday (by the US) and the “mainstream monkey media” is out in full force and some of the things they report are ridiculous.

On CNBC yesterday, they said Gold tumbles as investors watch Washington dysfunction the funny part is that what happened yesterday was the complete opposite of what should have happened. The Dow should have tanked with the dollar and the metals should have gone up –

Silver, and especially gold, have always been a safe haven in times of geo-political tensions, mis-managed governments, inflationary pressures and dollar weakness. Are any of these present today? Maybe all? Thus, the bizarro world we live in that I mention all the time.

LET’S MAKE SOMETHING CRYSTAL CLEAR, shall we. Silver and gold is still in HUGE demand as the world around us is crumbling and the numbers prove this. The biggest demand as we know comes out of China.

So if there is such huge demand out of China Eric, then why were the metals smashed yesterday? Simple. China is on holiday this week.

The better half of the Silver News Surfer is from China and she says this holiday is similar to our Independence day holiday, so remember, China’s Gold Fever Rises, Showing No Signs Of Abating As ‘Golden Week’ Holiday Kicks Off It’s just a blow below the belt from the US. Playing more shenanigans while they are on vacation.

The other way we know the demand is still high are the depleting inventories from COMEX .  

Not only that, but according to this piece, even Central Banks Favor Gold As Diversification.

Now, I realize that silver and gold will not solve all the problems in the world, I am not naive, but to have an allocation and a percentage of your wealth held therein without a doubt makes more sense today then ever before!

True or false? The dollar has lost a significant amount of its value over the past 5 years? TRUE and now Dollar shorts get louder as shutdown continues

As I’ve shown you, I only source information from top fund managers from across the globe as well as top analysts and economists. I trust what they are saying and forecasting, but I also understand that they do not have a crystal ball and cannot predict a time other than to say we are close, in fact, here are the top 24 reasons “the DOW faces hurricane winds and Shutdown is nothing: Debt ceiling debacle could be real ugly and Lehman a ‘kindergarten show’ next to any default.

I can blame you for being confused and in some cases scared and becoming complacent, but that’s the worst thing you can do right now – This is a time to re-asses you strategy and your holdings and make the necessary adjustments to be sure you are fully protected from all market gyrations….

I will explain more tomorrow a very special report

Jim Rogers – US Govt Shutdown Is Sham & Charade To Jerk Us All Around – It’s been 17 years since the last time the US government partially ceased its work – but it’s actually the 18th time in US history it’s taking a so called ‘spending gap’. In 1977, the government was shut down three times in as many months. Jim Rogers, author of Street Smarts, Adventures on the Road and in the Marketsand believes this vicious cycle is nowhere soon to end.

Read More Here 

Also from RT, Don’t Miss Gerald Celente’s take on this mess. Gerald Celente, publisher of the Trends journal, says careful of the hype – the warnings of a collapse have been strongly exaggerated.

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…

Top Strategist Says U.S. Responsible For Gold Takedown – With continued chaotic trading in the gold and silver markets, today King World News interviewed one of the top strategists in the world, Robin Griffiths of Cazenove out of London.  Cazenove Capital is the appointed stockbroker to Her Majesty The Queen.

“But so far, the very long-term trends are still steeply upwards for both gold and silver.  They just happen to be extremely volatile in the very short-term.  Of course traders love that and investors hate it.  But I would be long-term long of both gold and silver.”

The acclaimed strategist accused the US government of causing this smash in the gold and silver markets, and also spoke about what to expect next.  Below is his powerful interview.

Read More Here

VIP: Gold Plunge, Who’s Responsible & What’s Next? – The West is taking advantage of this one week period where the Chinese are on holiday to smash the price of gold.  This one week Chinese holiday just started today.  But this decline is setting up a huge amount of buying.  The Asians are buying physical gold like crazy into this takedown.

It’s also important to note, Eric, that the Chinese agents are not taking the week off here at all.  Chinese agents are in this market as we speak aggressively buying into this decline in the price of gold.  What we are seeing right now is the Fed intervening in the gold market.  But, again, although China is on holiday, the PBOC (People’s Bank of China) is not.  Meaning, they are in here aggressively buying physical gold on this takedown.

Although the naked short sellers are targeting the prior lows, I think they will find it incredibly difficult to meet their price objective based on the massive amount of physical buying we are currently seeing.  Anyone who is looking to buy physical gold and silver should be doing what the Chinese and others are doing here which is aggressively buying into this paper takedown in price. 

From current levels on down in gold, in terms of the price, the Chinese and other central banks will only increase their physical purchases.  For long-term investors, this is the time to do what the big money is doing, and that is accumulating physical gold into this price break.  For investors, don’t be scared by this price action because it has nothing to do with the longer-term trend for gold.

Read More Here

Legends of Gold and Silver – Precious Metals Now “Cheapest in History” – Earlier, there was a round table discussion with some of the biggest legends on the planet such as Faber, Sprott, Rule and others. Read the truths in this segment, “Legends Don’t Lie”

These guys know what they’re talking about, and they put their money where their mouths are. You don’t become a billionaire by running with the crowd… and these contrarians have been raking it in for decades.

And if you are a contrarian (and I have a hunch you are), these are all great trades right now. If you have an hour to spare, I highly suggest listening to the whole discussion. They weigh in on the possibility of government confiscation of gold and silver, they discuss the specter of hyperinflation, and they talk about the best ways to invest in physical metals — not the Ponzi scheme paper metals trades.

Read More Here