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!

More Absolutely Stunning Developments In Gold…

December 11, 2013 9:02 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!

Now, onto protecting your wealth…

It would appear that we owe our senate and congress a round of applause and a standing ovation as they have reached a budget deal for 2014 to avoid drama come the first quarter.

Before you stand to your feet and salute, lets take a quick look at the “deal” shall we? Also understand that next year is an election year.

The spending plan calls for reducing the deficit by $23 billion over 10 years without raising taxes. Sounds great, but what’s the catch? This saves $23 billion — after $65 billion spending spree 

This great “deal” will push US government spending to more than $1 trillion in 2014 – higher than the 2011 record of $967bn.

If we are spending approximately $1 Trillion a year and according to the new “Budget Deal” where the Senators have agreed upon around $23bn of spending cuts over the next ten years, does that really do the trick?

I would think that we should go into our high school and pick out the kid with an A+ in algebra & mathematics (he’d probably be Chinese by the way) and have him put together a budget deal that makes sense – How the heck are we as a great nation going to dig ourselves out of this $17 Trillion hole by cutting back $23Bln over a 10 year period when we would spend $1 Trillion (or more) a year?

On another note (and remember next year is an election year) fresh information released shows Warning: Jobless rate may be rigged Also, Dr. Paul Craig Roberts Shows Even More Misleading Official Employment Statistics

Another bogus NFP report is come and gone – not withstanding its obviously weak “internals,” and gold and silver continue to hold well above the June lows; which they darn well should, given both metals are trading well below the marginal all-in cost of production.  The COMEX “Commercials” are again covering shorts maniacally; yet again, on the verge of turning “net long” for the first time in the entire 13-year bull market.  The last time their shorts were this small was the last week of June, when gold and silver bottomed, commencing on a sharp, two-month rally.

Meanwhile, the December COMEX contract open interest depicts the likelihood of further sharp declines in registered inventory by year-end, as PHYSICAL demand continues to surge.  And now that the Chinese no longer intend to acquire foreign currency reserves, this year’s record physical imports (twice last year’s record level) may well explode into the stratosphere in 2014.  Gee, I wonder how this will ultimately end.

Up, down, all around, positive and negative – In such a confusing time, who are we to believe? My thought is that it doesn’t matter – Stick with your gut instincts.I feel good because I’m watching the people wake up as Silver Eagle Sales Shatter yet a another record At 42.4 Million Ounces in 2013 so far – Remember, In 2011 there were 39,868,500 eagles sold as the market was making all time highs, today at nearly 3 year lows, more silver eagles were sold than any other time in history.

Heck, even China Imports More Gold Via HK In 2013 Than 2011 & 2012 Combined Why?

Singapore – China Agreement Yet Another Sign of Ongoing Decline In U.S. Dollar – Finance executives in Asia see the writing on the wall. They can see that the dollar is in a period of terminal decline, and that the Chinese renminbi is going to take tremendous market share away from the dollar – and they want a big piece of the action.

To that end representatives of the Hong Kong Exchange and the Singapore Exchange, THE two dominant financial centers in Asia,  have signed an agreement to combine their forces in rolling out more financial products denominated in Chinese renminbi. This has massive consequences for the global financial system – and the future of the U.S. dollar.

Read More Here

Ya think people are losing faith in the currencies worldwide? As they ‘ol saying goes…

Make the trend your friend my friend.

gold-vs-dollar 1

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…

Absolutely Stunning Developments In The War On Gold – Wholesale demand for gold has been very strong.  We have also seen central bank demand for gold very strong at these levels as well. What I don’t know at this point is how much gold the central planners have access to in order to continue to try to hold prices at depressed levels.  The other question is, ‘Why would central banks in the West knowingly and intentionally allow this massive migration of physical gold from West to East at such depressed levels?

The answer to that is a real mystery, but it continues.  My own feeling is the equilibrium price for gold is probably twice where it is currently trading, and possibly even higher.  All other forms of portable wealth that I can identify, none of which have thousands of years of history as money like gold, have already reached or are now approaching all-time highs.

If you look at diamonds, including pink diamonds — all-time records.  Look at the art market, including art that’s really not that special, that’s also hitting all-time highs at the auctions. To me this is all very fascinating because every other identifiable form of portable wealth has done extremely well this year, with most hitting all-time highs.  And yet gold and silver are languishing well below the highs that were reached in 2011.  It’s really nonsensical except for the fact that the manipulation footprints are clearly present.

These are the same types of things we were discussing at the end of June, early July, when conditions were tremendously strained and prices for gold and silver were particularly low and deeply suppressed.  As you may remember, gold rallied subsequently roughly $250 off of those lows.

So, again, we have now returned to those conditions that we saw prior to the significant rally in gold, and I think the question for the KWN readers around the world should be, ‘Is this a double-bottom?’  It certainly looks like a classic double-bottom to me.  On top of that we are now seeing the same bullish indicators in place that launched the last massive rally in gold.

So that’s where we are, and, again, just like June and July, the investor sentiment in the sector has recently reached new lows.  The bottom line here is all of this suggests that the gold market will go significantly higher from here, and quite possibly much, much higher.  Meaning, it looks as though we have now seen the end of the cyclical bearish phase in gold and the wind should now be at the backs of the longs.

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Silver Set to Double, According to… Apple? – We all have our reasons for following Apple. I track it because this tech behemoth is a massive global consumer of metals – base, rare earth, and precious.

And right now, Apple is giving us some surprising indications that the demand for silver is much higher than its current price would have us believe.

Actually, the first “sign” came to us back in January when Apple had to delay new 27-inch iMac deliveries by up to four weeks. Of course, the company never specified exactly what was causing the delay… but the rumors flew. The most intriguing rumors centered on a possible shortage of industrial silver in China.

Regardless, the Apple “indicator” is just one reason silver could double over the next 12 months. There are five other compelling clues that indicate silver’s price has temporarily decoupled from what the demand data dictate… Bullish Silver Demand Indicator No. 1….

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Gold Going to $5,000 & Possibly MUCH More –The reason is the way the monetary system is designed. It has a design flaw: there is no reverse gear. It is designed to get bigger. If it gets smaller, it crashes so it is an inherently inflationary system and, when something grows every year, or almost every year, it eventually goes exponential.

We are approaching that exponential point now. When this happens, the system gets bigger and the pace at which it gets bigger increases. At that point, the system will either go straight up and cause massive inflation or crash the monetary system. Under either scenario — extremely high inflation, or a crash of the monetary system – I want to own gold.”

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