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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On to the business of protecting your wealth…
Today, I wanted to give you some reasons of why I report the information that I do and why I choose the people I do. These guys are not some rookies folks, these are well connected, 40+ year seasoned veterans and their biographies are listed below.
I’m doing this so you get the full flavor of what these economists are saying, why they are saying it and more importantly, I want you to determine (by who they are and their backgrounds) if they are worthy of your time to listen to or not.
It’s not like we have just one or two people guessing at this, they are all coming together to give it to you straight because the G’vmnt isn’t, nor is the main stream media – Heck, your brokers are not giving you these reports and warnings…are they?
A lot of work goes into presenting this to you everyday, I hope you are paying attention…
Today one of the savviest and most well connected hedge fund managers in the world, William Kaye, who 25 years ago worked for Goldman Sachs in mergers and acquisitions says, People’s Worst Nightmares Coming – Have A Survival Strategy –
As we get into November things are likely to change radically (in the gold market). I had my staff look at the seasonality of gold trading earlier this week. It’s late here in Hong Kong but if I remember the data, November has been one of the best months of the year for a number of years for gold.
The average gain over the course of November was 4.9% to 5% for the last 10 years. That’s astonishing when you think about it. I’m told from our sources that the premiums in India are as high as $200 an ounce, which is just mind-boggling because of the controls that have been place on gold by the Reserve Bank of India. This would be well known by the ‘Cartel’ forces, and I suspect that’s why they are trying to set the stage — trying to depress gold as much as they can going into what is going to be a very seasonally strong November.
I think people need to think in terms of a survival strategy. That would be my advice — people need to have a survival strategy. They need to understand that what’s likely to happen is probably even worse than their worst nightmare. They need to be positioned so that they and their family can survive, if not prosper, during what is going to be a very difficult time for the human population.”
Michael Pento: President of Pento Portfolio Strategies, LLC –
Pento Portfolio Strategies provides a nexus between prospective clients and a select group of the country’s finest and most seasoned investment advisors, who utilize Pento’s economic models in developing their portfolio strategies.
Mr. Pento is a well-established specialist in the Austrian School of economics and a regular guest on CNBC, Bloomberg, FOX Business News and other national media outlets. His market analysis can also be read in most major financial publications, including the Wall Street Journal. He also acts as a Financial Columnist for Forbes and is a blogger at the Huffington Post.
Earlier in his career Mr. Pento spent two years on the floor of the New York Stock Exchange. He has carried series 7, 63, 65, 55 and Life and Health Insurance Licenses. Mr. Pento graduated from Rowan University in 1991. He says, The United States Is Now Set To Plunge Into Economic Chaos
Andrew Maguire has 40 years of experience as a trader. Maguire currently provides the Day-Trades and Metals-trades services at Coghlan Capital.com wherein subscribers can view his daily trades in real time. Maguire was not a former Goldman Sachs trader as has often been reported although he did work briefly for J Aron & Co. which was acquired by Goldman Sachs in 1981 -He says Gold War Heats Up As Stunning Events Taking Place and Big Banks In Trouble As Major LBMA Default Nears
Today, 42-year market veteran who correctly predicted that the Fed would not taper warned King World News that as the LBMA system implodes it will expose the fact that the gold belonging to the US, Europe, and the BIS is largely gone. Below is what Egon von Greyerz, who is founder of Matterhorn Asset Management out of Switzerland, had to say in this astonishing interview. LBMA Collapse To Expose US, Europe & BIS Gold Is Gone
Today a man who has lived in 18 countries around the world, and witnessed collapses in many of these countries firsthand, warned KWN about staggering amounts of QE in the West and the ultimate collapse. Keith Barron, who consults with major companies around the world and is responsible for one of the largest gold discoveries in the last quarter century says: Staggering QE In The West & The Ultimate Collapse
Mr. Robert Fitzwilson is the President and Director at The Portola Group, Inc. He founded the firm in 1979. Mr. Filtzwilson has invested in more than 25 companies and founded several software firms. He is a Director SOMA of Networks. Mr. Fitzwilson obtained a B.S. degree in Industrial Engineering from the Purdue University and an M.B.A. from the Stanford University. He says, Financial Destruction Will Be Unleashed On Global Economies.
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 Very Strong In November – Returned 4.93% On Average In Last 10 Years – Gold Is Seasonally Very Strong In November, Strong In January and February.
Gold is range bound between $1,250/oz and $1,450/oz. The fundamentals including the current macroeconomic, systemic, geo-political and monetary conditions are positive for gold. These fundamentals in conjunction with the strong seasonals suggest higher gold prices are likely in the coming months.
Seasonally, the months of November, December and January are positive months for gold and October is seasonally a weak month for gold. October often sees declines in the gold price followed by strong gains in November, December, January and February (see tables) .
Autumn and winter is the seasonally strong period for the precious metals. This is believed to be due to robust physical demand internationally and especially in Asia for weddings and festivals and into year end for Chinese New Year stocking up.
It may also be related to traders being aware of the seasonals and therefore contributing to price gains or price falls in certain months.
Given the bullish fundamentals and the fact that gold already looks oversold with very poor sentiment today, any further weakness is likely to be short term.
US Mint About To Trigger A Temporary Silver Supply Shortage? – The staff at GoldSilver.com just sent out an alert, based on an announcement of the US Mint. The Mint just announced the following:
“The United States Mint will issue its last weekly allocation of 2013 dated American Eagle Silver Bullion coins on Monday, December 9, 2013. We will begin accepting orders for 2014 dated American Eagle Silver Bullion coins on Monday, January 13, 2014.”
The interpretation of this message could be related to a tightening silver supply and rising silver premiums. This is one way to look at it:
Throughout 2013, the U.S. Mint has been narrowly meeting the public’s silver eagle coin demand.
As a matter of fact, the U.S. Mint is about to break its 2011 all time record of 39,868,500 American Eagle Silver Bullion coins sold.
Being that today is November 1, 2013… we are only 83% of the way through 2013’s calendar year.
Officially 39,175,000 silver eagle coins have sold thus far in 2013.
The 2011 sales record will officially fall some time next week.
Silver Eagle Coin cupboards appear to be low currently. It appears as well that high volume silver dealers have limited inventory of 2013 U.S. Mint Silver Eagle coins.
The expectations from GoldSilver.com are that “the upcoming 35 day silver eagle coin hiatus will most likely produce a shortage of the world’s most popular silver bullion investment vehicle and thus… produce a growing shortage of other silver bullion products as a consequence.”
Jim Willie: The Game Is Over. King Dollar Is Dead. Gold To $7,000 & Silver To $250! – All the signals point to the same conclusion. The system is breaking down. The towers are falling. The paper mache structures have withered. The derivative machinery has been jammed. The confidence in the paper based system has vaporized. Nobody can foretell when the new system will arrive, but its description can be offered in rough terms.
It will be from a Global Currency Reset, with a vast redemption of USTreasurys, a lost USDollar global currency reserve, and discredited sovereign bond backbone for all major currencies. It will feature a Gold Trade Standard, with trade settled on a net basis with gold bullion, supported by gold intermediary bankers. It will rely upon Gold Trade Notes that serve as Letters of Credit. It will see a massive Gold Trade Central Bank, whose embryonic form is noted in the BRICS Bank.
The Grand Paradigm Shift is in progress. My sources indicate that the 5000 metric tons of Gold bullion moved from London to points East between April and July 2012. The flow eastward never stopped. The pace has continued. The Gold bullion continues to be shipped in enormous staggering volume. The Gold Community has only a rudimentary comprehension of what is happening in the clandestine shipment of gold.
The pillars of the community seem either unaware or unwilling to report anything but the supersized Chinese purchases through the Hong Kong window, the Indian demand, and the Turkish demand. My belief is they lack insider contacts on the phenomenon movement of gold by the White Dragon Family and their Triad escorts. The game is over. The King Dollar is dead. All that remains is the funeral, the war in its wake, and the retaliation from the Satanic fortress and its legion of diabolical subjects.