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Now, onto protecting your wealth…
Expect Volatility today as the minutes of the FED meeting are released. The important part to note is that is doesn’t matter what the minutes reveal, traders will look for any word therein to push the price of precious metals lower.
When considering this, we should also note the Tweet From The Chicago Fed Charles Evans yesterday – #CharlesLEvans our purchases will continue to be open ended. We may need to purchase 1.5 trillion in assets until January 2015.
Also, late yesterday, Federal Reserve Chairman Ben Bernanke said the Fed would maintain its ultra-easy U.S. monetary policy for as long as needed and only begin to taper bond buying once it is assured that improvements in the labor market would continue.
So as the minutes are released today and they talk about the “improving labor market” remember the following…
We will only know what they want us to know – This is the trick they play by manipulating everything they can get their hands on to make everything seem normal. Does everything seem normal to you?
Take a look at what the Rick Santelli Exchange says – Questions Over 2012 Election Fake Jobs Data He knew something didn’t feel right and he still knows it’s not right and as always, he’s speaking his mind.
Also, Trader Dan Norcini said in a release that many talk about gold, silver, platinum being “PRECIOUS” metals meaning that they are relatively rare in comparison to more commonly found metals. Methinks the MOST PRECIOUS COMMODITY out there right now is the TRUTH. There certainly isn’t any coming from the current administration about much of anything.
Could Bad Data Be Depressing the Gold Price? Eric Sprott Says GFMS Stats Are Flawed.
Sorry for the over-kill on one subject, but several of you called in yesterday and asked how I could still remain so bullish on the price (don’t forget the value) of precious metals and how yesterday I said – With China’s Q3 gold consumption topping the world holders of physical precious metals need to know that you have nothing to worry about, regardless of short term price gyrations. Thanks for asking…
The answer is simple. Everything is manipulated. Financial Markets and the data that moves the Financial Markets. So if it is all BS, I first look to past performance (such as the report I wrote on Friday) then I turn off the daily noise and focus on my LONG TERM WEALTH PRESERVATION STRATEGY and continue to do what the major players are doing and that is BUYING ON THE DIPS.
Would China and India, two of the worlds powerhouse countries be buying the stuff if it were no value? I think not! –
Yesterday I reported that China’s Q3 Gold consumption topped the world and today there is a report from the Perth Mint that said China’s Impact On Gold To Strengthen – Strengthen? Damn! They just topped the world and now they are going after more? This is the kind of headlines that you need to be paying attention to, not the bogus jobs report that dictates weather you buy or don’t buy.
On another note… Gold Manipulation Probed By U.K. Regulator – As everyone knows, Wall Street manipulates everything, EVERYTHING…. except gold. Which is why were absolutely floored by what just flashed on Bloomberg: GOLD BENCHMARKS SAID TO BE UNDER REVIEW BY U.K. AS PROBE WIDENS.
Also read Senate hearing on Wall St’s physical commodities trading postponed how convenient.
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…
I don’t know why investors don’t like it, but I believe if they really got to the bottom of what it is and how many benefits that contrive from it, this tiny little market would explode to the upside.
Little-Known Facts About The Importance of Silver in Technology – Learn the important role this super precious metal plays in technology, health care and medicine. Read how our lives are better today, and will continue to be, because of the precious metal silver.
Sprott explains why he is more bullish on silver now more than ever – In this interview with Peter Spina, Eric Sprott discusses the unprecedented silver consumption by India for investment purposes as the Indian gov’t cracks down on gold imports, and how India’s 4,000 ton increase in silver demand this year alone is likely to affect the silver market going forward.
Eric views the current price action in silver as extremely counter-intuitive considering the physical supply and demand fundamentals, and states that to see the price of silver go down in this environment (as India consumes an ADDITIONAL 30% of global investment silver supply) just blows me away!
These trends simply can’t continue. You can’t have India suddenly consuming 15% of the global market, people in the US buying an all-time record amount of silver, and put the same amount of money into silver as gold, those things cannot continue to happen and the price of silver stay down.
THE ONCE IN A LIFETIME GOLD TRADE – The conditions in the market are setting up for a once in a lifetime gold trade. Most of the participants don’t know it because they have their face and eyes firmly placed up against the television screen called the MSM — Main Stream Media. As they focus on the manipulated information and schizophrenic Fed press releases, there’s another show taking place on a different channel very few are aware. It’s called GOLD:
The Dow-Gold Ratio chart is forming a TOPPING pattern. In just a little more than two years the Dow-Gold ratio has doubled from 6/1 to 12/1. Even though the ratio could still increase, the trend is asking for a reversal at some point in time. If investors can’t see the GOLD TRADE OF A LIFETIME being set up right in front of their eyes, then they might as well lay down and wait for the Monty Python cart to come pick them up.
Investors need to realize that when the Fed can no longer prop up the stock indexes, bond markets, and the overall economic system, we will have an implosion of paper assets and explosion in the value of gold (and silver). Once this trade takes place, it won’t happen again.
Regardless, we are presently sitting at two market extremes…. a bloated blue chip stock index that moves higher from the very QE gas emanating from the Fed, while gold has been pushed down like a huge balloon underwater. At some point in time, the popping of one will release force of the other.
Very few know it… but the Once in a lifetime Gold Trade is being set up right now.