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…
If you want to know what’s really going on, I recommend reading this report cover to cover:
This week is going to be volatile and it’s already started, however, Volatility brings opportunity. This week as you know, we have the convergence of the Debt Ceiling Debate on October 17th, U.S. default rhetoric has gone mainstream, plus options contracts stop trading on October 18th with options expiring on October 19th. Be ready to add to your physical gold and silver positions.
How can I be so confident that silver & gold we be an opportunity? You have to do your research like I do to realize that this is all a just more shenanigans to distract us away from a much bigger problem… The US Dollar. If you understand about the falling dollar which is a paper liability (as demonstrated by our leaders) then you can also understand the difference between that and a hard asset.
THE BIG ONE was the European Central Bank’s agreement with the People’s Bank of China to establish bilateral Euro-Yuan Currency Swap arrangements, thus freezing the U.S. Dollar out of yet another Bilateral Sovereign Currency Swap Deal. This will, sooner rather than later, have catastrophic impact on the International Financial System. OUCH!
DROP WHAT YOU’RE DOING AND CLICK ON THIS…
Richard Russell: This Is What Has The United States Truly Terrified – “Bear market? Sure, back in the year 2000, for only 273 dollars you could buy one ounce of gold. But by 2012, you needed over 1600 dollars to buy the same one ounce of gold. The eternal value of gold doesn’t change. It’s the purchasing power of the Federal reserve note that has changed.
What is even more remarkable is the fact that most Americans have totally ignored (even despised) this remarkable bull market. Let a stock rise seven or eight years in a row, and it will be the talk of Wall Street and the talk of every social gathering in the nation.
Yet this amazing bull market in gold stands alone – sneered at and almost hated. I’ve been in this business for over 60 years, and I’ve never seen anything quite like it.
I realize that sometimes, especially these times it is so difficult to remain calm and confident when you have bought silver and gold at higher prices, yet today you see lower prices – Remember to ask yourself this… what was the reason you bought your hard assets at higher prices? My guess is to diversify our of paper and into hard assets.
If you did for that reason and other fundamental (and technical for that matter) than it would make crystal clear sense to 1) continue to add to your positions at a lower price, or 2) turn off the computer and stop watching the daily noise. You have invested into these hard assets for the future and the future shall reward you.
You are not the only one complaining… After sudden plunge, even the gold traders are crying conspiracy
In other news that I missed and uncovered yesterday, Europe has just signed a bilateral trade agreement with China to bypass the Us do
Read This – Shutdowns, Smackdowns, and Touchdowns by Casey Research – An interesting aspect of the current shutdown shenanigans are the gold smackdowns we’ve seen this year, including very recently during the budget debates. The last time the US government was about to smash through its debt ceiling, gold shot up $300 in a month, to reach its nominal peak of over $1,900 an ounce in September of 2011. This time, gold is selling off.
Why? What’s different?
Based on fundamentals, the situation for gold and silver is more bullish than ever; major governments around the world continue debasing their currencies in panicked attempts to revive their faltering economies, and the commodity super-cycle has years to run.
This prompts many gold enthusiasts to embrace theories of market manipulation. There certainly have been days this year when some entities dumped large amounts of gold onto the market with clear disregard for getting a good selling price. It’s hard to see that as normal market behavior, but it does not prove that governments are suppressing the price of gold; it’s just as plausible that major players with short positions acted to profit from the ensuing extreme fluctuations.
We may never know the true motives of the parties involved in gold’s big sell-offs this year, but we do know that bearish sentiment has set in—hard. We can’t blame investors for their concerns, and even pessimism, given these realities. But they shouldn’t lose sight of the bigger picture.
Here at Casey Research, we take the opposite view. We’ve seen this kind of correction before; it’s just a fluctuation in a much larger mega-trend that still has years to run. That makes our current market circumstances a terrific buying opportunity—perhaps the best chance to “buy low” since the beginning of the cycle back around the year 2000. There is even more to the story…
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…
Gold Market Sunk to Keep Bond Market Afloat – The price of gold and silver are being pushed lower at great cost. In order to engineer the sell down, naked short selling and flash trading are being used, both of which are causing the depletion of physical gold and silver, as prices encourage foreigners and individual investors to continue buying gold and silver at significant discounts.
As the physical supply is being reduced and prices are falling below production costs of the metals, the physical supply will soon dwindle forcing rising prices, regardless of the paper traded value of gold and silver.
In the very near future, the physical shortage of gold and silver will lead to default in the commodities market exchanges (comex and other metals exchanges) creating a crisis in metals delivery and, for a short time, making gold and silver unavailable at any price.
At the same time when gold and silver prices rise exponentially and the metals exchanges default, bond prices will fall like a rock triggering financial system destroying interests rates.
The only protection bond holders and dollar holders have is to sell both before interest rates begin to rise. Since owning Federal Debt is the same as buying into a Ponzi scheme, only those that sell early will see any of their money returned.
Buying gold and, preferably, silver and other safe assets is the only hope to save your wealth. Time before collapse is not long – please hurry.
Squeeze Alert! – Bullion banks “selling gold they don’t possess” – We have entities moving this major market and making leveraged bets, but they do it without having to take physical possession and short the way you would do it on a normal exchange.
So they just wreak havoc in the gold market and damage investor psychology, but it will come to an end. This is a continuing story that has to be watched. Aside from the macro issues that surround gold, I think the chain of custody, the paper trail between derivative paper instruments and the real metal, is of great interest to me
Meanwhile, there are the gold believers on the sidelines who may also have virtually unlimited pockets – the Chinese in particular – who must be feeling every day is Christmas as they rake in physical gold at depressed prices, convinced that at some day in the future, by when they will have completely cornered the physical new gold market, the yellow metal’s price will soar, while Western paper gold will become worthless with no physical metal to back it.
ECB Head Mario Draghi On Gold & Banking; Admits “Central Bankers Are Powerful – A key takeaway from Draghi’s commentary should be the point that while many still debate the value of gold as an asset class, and whether or not it remains in a bull market—central banks are quietly accumulating the metal in ton-sized increments, and as Draghi implied, with plans of never selling it.
Is Gold’s Decline Being Caused By Fed Payback Time to China? – This commentary is a partial answer to the manipulated raids in the gold market since last April. Those raids may be hurting the Precious Metals game players, weakening their confidence and “disproving” gold’s worth against a fiat currency, but they serve a greater purpose, as in Federal Reserve payback time to China. Here’s why.
Got gold? Got silver? If not, you got nothing.
All paper-dominated “things” (we cannot call them assets, except in the minds of the holders) have little to no intrinsic “value.” Despite the detractors who always say gold and silver are not forms of wealth, both PMs are immune from government fiat dictates. Gold and silver are the equivalent of a wooden stake to drive into the central banker’s fiat heart, if they had one.
It is gold and silver that is the nemesis of all central bankers, for PMs would break the fiat paper back of their control. Why do you think the Federal Reserve was created 100 years ago by the New World Order? To get rid of the gold/silver specie backing of United States Notes and replaced with no-backing-whatsoever Federal Reserve Notes, as the means for stealing the entire wealth of the United States, forcing the country into bankruptcy in 1933, and turning the U.S. into the Third World-rate country it has become.