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!
Now, onto protecting your wealth…
This morning I learned that 2013-W Uncirculated Silver Eagle Sold Out... Again! You must keep in mind that you are obviously not alone in your gold & silver investment decisions, there are still lots of reasons to hold silver & gold –
When Billionaire Eric Sprott says: 2014 Sends Gold North of $2,000 and Silver Over $50 people tend to listen to him. Sprott is not the only one to be saying this, after all, we have to remember he sells the stuff – That’s why I always try to bring you objective research… In fact, Look at what some of the ultra-wealthy, fund managers, economists and power-house countries are saying about gold & silver heading into 2014 and decide for yourself who is right and who is wrong.
Heck, we can get mad a heck about the gold & silver decline all we want, but the truth is that adjusted for the quantity of fiat money, gold at $1200 nominal is now trading at 64% of its price in July 2008 price
They’re Coming For Your Money – They already confiscate your wealth stealthily through the insidious method of Federal Reserve created inflation. Your $1 from 1971 is now worth less than 20 cents. But they want that too. Cyprus was a test case. It worked. The EU will legislate theft shortly. Janet and her banker cohorts will follow shortly thereafter. They will use their propaganda machine to persuade the American dolts to do it for the children. Get your money out of the criminal Wall Street banks before they take your last 20 cents.
In the wise words of Mark Twain – I’m more concerned about the return OF my money than the return ON my money!
As the market seems to be sleeping, sit back, relax and be at peace this Christmas Season…
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 Market Update – On silver’s 14-year chart we can see that, despite the severe correction since the Spring 2011 peak, it has still not broken down from the large broadening uptrend shown, nor has it dropped below the nearby zone of strong support shown which is a bullish indication and it still looks like silver is in a basing process, and it may be forming a Double Bottom with its June lows.
On the 14-year chart silver’s retracement from the Spring 2011 peak looks like a normal healthy correction and it appears to be about to reverse to the upside in exactly the place you would expect it to, from the zone of strong support arising from extensive trading from early 2008 through mid-2010 in the $17.50 – $20 price range, and from the support line of its major uptrend channel, which is coming into play not far beneath. In recent months it looks like it has been marking out an intermediate base pattern at the support level. Volume indicators are positive, which is a positive sign, with the Accum-Distrib line holding up very well on the decline.
The latest silver COT chart is more modestly bullish than is the COT for gold, which is strongly bullish, but silver investors doubtless won’t be upset if silver rides on gold’s coattails for a bit. Public Opinion is still quite heavily negative, which is a strong indication that a substantial rally is brewing in silver.
In conclusion the setup for silver looks strongly positive for the medium and longer-term. First we will want to see the price stay above its long-term supporting trendline and the support in the $18 – $20 area, although a brief panic move beneath both can’t be ruled out. However, any such move would likely be followed by a violent reversal to the upside. These developments will clear the way for the major uptrend that we are expecting next year.
Silver Price To Head Higher As Cost of Production Forms A Base – Many precious metal investors today are troubled by the current weakness in the price of silver and are concerned that prices could fall much lower. While the price of silver could continue to fall a bit from here, it’s more likely we will see a higher, rather than a lower trend in 2014.
The current price of silver is $19.40, while the estimated break-even for the top 12 primary silver miners in Q3 was $21.39. According to Kitco, the average price of silver so far in Q4 is $20.76 or 63 cents less than the prior quarter.
it’s true that most of the silver comes from by-product mining, however I have checked the break-even for Hecla and Coeur back in 2000, and I honestly say… the price of silver was not much lower than their break-even at the time. So I doubt we will see much lower prices for silver.
The Fed and member banks are not that stupid to push the price of gold and silver too far below their break-even as it would as it would force investors to take more physical bullion off the market.
Despite The Propaganda, The US Economy Is Collapsing John Embry: When you look at the tapering the US Fed just announced, it was akin to moving around the deck chairs on the Titanic after it was struck by the iceberg. It doesn’t make any difference because it’s already too late. The fact is they are still printing $75 billion a month because they are trying to keep the system from collapse, and if they have to print $150 billion a month they will.
Whatever is required, they will do it, and eventually they will have to print $150 billion a month. But the tapering was all orchestrated, and the stock market shoots up and gold gets hit again. This is just preposterous. The fact that they have been printing all of this money is so that the banking system won’t implode, and they will continue to print and eventually print more than $85 billion because if they don’t the whole banking system will collapse.
My optimism on gold and silver is absolutely unshaken, despite the dreadful year we’ve experienced as the paper boys won a big round. The fact is that gold and silver are as cheap in relation to their true fundamentals as they have ever been in history. The one thing that I’m extremely comfortable with in my own personal portfolio is physical gold and silver in my own possession.