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!

Silver And Technical Analysis – Painting The Masterpiece…

November 18, 2013 9:00 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!


In my portfolio, I have I have mortgage fraud, market manipulation, credit card abuse, LIBOR rate rigging, and predatory lending.  Am I fully diversified enough? #AskJPM

Kind of funny, kind of sad…. But people seem to have woken up to the truth about JPM. JPMorgan’s PR team Wednesday made the epically bad decision to host a public twitter Q&A with Vice Chairman Jimmy Lee.  While the entire #AskJPM thread would make for excellent entertainment, award-winning actor Stacy Keach…the voice from American Greed picked out a few of the best, and read them verbatim.

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Now, onto protecting your wealth…

While Investors Flock to Silver Coins at record rates and Silver coin supplies buckle on fever-pitch retail buys, and with Gold Analysts More Bullish on Fed Stimulus Outlook

Moody’s Investors Service cut its ratings on four of the biggest U.S. banks after deciding the government would be less likely to help them repay creditors in a crisis. (Well that should give you a confidence boost about practices on wall street right?)

Look, you know it and I know it, but to see the Wealth Inequality in America makes your stomach turn, especially when, for the most part there is nothing you can do about it.

You and I are not the only people who have access to this date… They are well aware of this WAY before you and I –

So what is their solution?

We have all gotten used to calling it Obamacare, but  ObamaCare is the unofficial name for “The Patient Protection and Affordable Care Act”

Folks, there is nothing about this “ACT” that is affordable and as a patient of the system, I do not feel protected… Do You?

Obamacare: The Final Nail In The Coffin For The Middle Class – If there were any shreds of hope left that the stunning decline of the middle class could be turned around, Obamacare has absolutely destroyed them.  Over the past decade or so, the middle class in the United States has been absolutely eviscerated.  The number of working age Americans without a job has increased by 27 million since the year 2000, median household income in the U.S. has fallen for five years in a row, and the poverty numbers in this country are spiraling out of control.  And now here comes Obamacare.

As you will see below, Obamacare is causing millions of Americans to lose their current health insurance policies, it is causing health insurance premiums to explode to absolutely ridiculous levels, and it is systematically killing jobs even though the employer mandate has been delayed for a while.  All of this is creating a tremendous amount of stress for millions of middle class families that are already stretched extremely thin financially.

According to CNN, a survey that was conducted earlier this year found that 76 percent of all Americans are living paycheck to paycheck.  Most of those families simply cannot afford to pay much higher health insurance premiums for new policies that also come with much larger deductibles and significantly increased out-of-pocket costs.

Millions of those families will ultimately end up choosing to do without health insurance altogether, and that will create a whole host of new problems.  This is a disaster that is so enormous that it is really hard to put into words.  If the U.S. health care system was a separate country, it would be the 6th largest economy on the entire globe all by itself.  And now Obamacare is going to bring the entire U.S. health care system to its knees.

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So what can you and I do? Prepare, Protect and Preserve. How is this done? I hope you all had a chance to look at Friday’s Briefing, it was a doozie – I thank all of you who wrote in with your compliments.

Don’t let any of this distract you from what you know you should be doing friends…

One word: Diversify – Sell equities at all time highs and diversify into precious metals (any and all) at 3 year lows…

HERE WE GO AGAIN – COUNTDOWN- US Hits Debt Ceiling in 84 Days…Twelve weeks from today, the US government will hit its borrowing limit. When Congress lifted the debt ceiling last month, for the first time ever, it pegged the increase to a specific date, rather than a dollar amount. The current borrowing authority expires in just 84 days, on February 7th.

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Indian Gold Dealer: “Gold Demand Cannot Go Down; By End Of December, All Jewelers Will Need To Replenish Stock” – When asked his thoughts on reports of Indian consumers switching to silver in response to high gold premiums, Vishal concluded that, “I personally feel that silver has become the poor man’s gold for investment, for short-term investment especially…[and] people have shifted to silver up to a certain extent, but gold is gold.

Overall demand cannot come down. Now is the festive season where people will start buying gold in the form of jewelry. So by the end of December, all jewelers will need gold to replenish their original stock and get new jewelry manufactured, because there will be huge sales happening in this wedding season.”

Read More Here

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…

Silver and Technical Analysis -Painting a Masterpiece – Gold and silver are manipulated. The suppression of prices will probably go on until the COMEX or the paper and physical market completely separate. There is no interest from ANY big player in stopping this game. The West wants to keep it going as long as possible. The East wants to keep buying at artificial prices as long as possible.

The Chinese know that eventually, to challenge the reserve status, they will have to peg their currency to gold, but ONLY at time zero or in other words – at the start.

While technical analysis make appear relevant for the long term, or in retrospect because of price manipulation, short to medium term technical indicators are meaningless for long-term investors. Technical analysis and chart interpretation are useful for professional traders and amateur gamblers, but worthless in a market where fundamentals are buried and the where massively powerful players control the action and paint the tape.

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The Comex Fraud Is Growing Larger – 69 Times More Paper Than Gold – There are 6 entities that operate designated Comex gold vaults:  JP Morgan, Scotia Mocatta, HSBC, Brinks and a small private vault company, Manfra, Tordella & Brookes.   The three banks account for 96.4% of the total amount of gold being “safekept” in Comex-designated vaults.  They account for 78% of the “registered” gold on the Comex.  As you can guess, most of the deliverable gold that has been removed from Comex since April has come from the vaults of JP Morgan, HSBC and Scotia.

I do not trust those reports and neither should you.  The Comex is living on the life-support of those who still trust them enough to conduct business on the Comex.  Sooner or later that trust will be shattered.  Judging by the current drain of gold from the Comex and from GLD, “later” is probably not too far away…When that happens, the world price of gold will go “bid without” (meaning all buyers, no sellers) and the dollar will drop off a cliff.

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Precious Metals – The Wheels are Turning and You Can’t Slow Down – While the mechanisms (quantitative easing) seem complex, we should never mistake complexity for confidence or a euphemism for reality (or in this case, money printing). More and more debt-based fiat is needed to keep the system alive. Any slowing will crash markets while increasing the current rate of stimulus, which will very likely trigger the confidence end game.

However distorted by finance, the basic foundation of commerce is a natural phenomenon which makes it nearly impossible to control.

If you are not growing or evolving, you are dying. The time to prepare is not only now, but always. The same applies.

Preparation is accumulation, and while you cannot “eat” precious metals, the basic premise is easy enough to understand. Those lucky enough to experience the physical weight of wealth and its responsibility understand the broader, more abstract implications.

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The United States Is Now In A Catastrophic Default – Since 2008 the major central banks, the Fed, the ECB, Bank of Japan, Bank of England, and the Swiss National Bank, have increased their balance sheets by a staggering 50%.

In my view 2014 will be a year of transition and a year of massive wealth destruction.  Most global stock markets are now showing signs of ending a long secular bull market.  This will turn into a very unpleasant and wealth-destroying bear market.  Investors are not prepared for this.  We could even see a major sucker’s rally that draws the public in before a major fall.

What also worries me is that the rich are getting richer and the poor are getting more into debt.  This is a very dangerous situation. The reality is that the world is now worse off than it was in 2008 because we have tens of trillions of additional debt in the world, and also more dangerous derivatives.  If you take asset-backed and CDO’s (collateralized debt obligations), we are now back at 2008 levels.

In the meantime, gold is watching all of this from the sidelines.  While art and diamonds are surging in price, gold is still burdened by the paper manipulation.  As we know, the physical market is very strong and there is continued robust demand, particularly from the East.

But we will see a dramatic change in the gold market in 2014.  As the dollar and other currencies fall, gold will reflect this, and it will more than regain the lost ground in the past 2 years.  This will be a very exciting time for gold and silver investors.  The cyclical bear market is coming to an end, and the wind will once again be at the backs of gold and silver bulls.

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