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 Bells Will Soon Be Ringing…

December 20, 2013 8:42 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…

Sorry guys, I should have been more proactive with this, but with all the FED hoopla this week and sifting through the bad  jobs numbers and housing data, I missed it –

Today represents a Quadruple witching hour – Expect increased volatility and volume 

 

20130629_break_1_0

No sooner did the FED pull back a measly $10 Billion (to test reactions) The Initial Jobless Claims Come In Worst In 9 Months and the other, soon to be unaccounted for Unemployed Americans, Speak Out as Benefits are Slashed at Christmas.

Also, Existing Home Sales Tumble, Post First Annual Decline In 29 Months On Day After Taper Begins

So, would it be fair to say that even though the numbers are released Thursday at 8:30am, the FED knows well before hand? You see, if they announced no taper again this month and the jobs and home sales came in as lousy as they did – silver and gold would have spiked on the news and they know it. They need to keep gold and silver tame as long as possible, but the time is running out. When we see the ‘Massive correction’ for stocks and Treasury’s in 2014 we will then realize what a flight to safety really is.

Let me ask you this… Do you think Eric Sprott became a billionaire by going with the crowd or against it? I presume the later – Billionaire Eric Sprott: “You Have To Be A Buyer When People Are Non-Believers” Also, Ralph Aldis, senior mining analyst with U.S. Global Investors says The best time to buy gold is when the market hates it  – With such limited downside risks from here, I suggest that this will be a buy of a lifetime.

Understand, I like animals and I don’t mean to keep beating a dead horse (as the expression goes) but unless you have more money than China, I’d be getting the metal that you think you will need going forward NOW, because according to Jim Rickards – When Things Turn Around, “You’re Going To Find There’s No Gold Available.”  If you don’t think this could happen, ask yourself this question…

If only so much supply is being created and there is a tremendous demand for that one thing, what generally happens to the price? We all know it goes up and most times significantly… Now add in that these miners are suffering big losses and they are not producing as much as they can, but the demand is visibly increasing, what do you think will happen to the supply? Going, going, gone!

In other news, Just yesterday, Treasury Secretary Jack Lew has sent a letter to Congress warning of the debt limit deadline urging Congress to extend the nation’s borrowing authority Yeah, that’s the answer – extend the credit card, way to go Jack!

Also, maybe I missed it, but I sure didn’t see this story break on CNBC or other mainstream media networks… CFTC Announces It Is Under-counting Size Of Swaps Market By As Much As $55 Trillion nope,they keep reporting things like Where we’re shopping this weekend no wonder their ratings are so low.

Silver Bells May Soon Be Ringing – They say that a bell never rings at the top and the bottom of the market. But there’s some real jingling going on in silver right now. And it may just be the start of something big. Could you profit from it? Yes!

There’s no denying that silver took a beating in 2013. Recently it was down 33.6% for the year, even worse than gold’s abysmal 25% loss. Clearly, investors hate silver. Therefore, if you’re going to look for bargains, silver is a good place to start. Here are three reasons why.

Read More Here

After you’ve read all the gloom, Don’t forget to take a minute to laugh out loud… It is Friday after all!

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…

  

Precious Metals Miners, An Industry on the Brink – Something needs to change quickly or the precious metal mining industry is finished. In the course of my research on the why I have looked closely at the world of pricing.

Today, the price of the two precious metals is double-digit percentages below the cost of production for the industry as a whole. Global production of the two metals has experienced the same cost curve associated with crude oil. However, the price of both the metals themselves and MORE IMPORTANTLY the producers have plummeted the past two years. The cost curve did not.

Take a step back and ask yourself whether you would ever own a business where the price of what you sell is dictated by forces outside your control and have no bearing on your costs! How exactly are you supposed to finance operations? How much oil would the major’s produce if they lost money drilling and refining it? How many acres of corn would global farms produce if the cost of growing and bringing to market were double-digit percentages below their selling price?

The cost of mining silver globally with all in costs is in the range of $23 an ounce. If miners believe they are powerless, eliminate the supply. Once the world realizes electronics need silver they might get the point. It’s a business, start operating it like one.

Read More Here

China can Lift Gold in 2014 – I remain confident on gold’s future prospects thanks largely to China, the world’s No. 1 gold buyer. In October China bought a near-record 130 tons. In the first ten months of 2013 China bought more than 950 tons, making a 1,150 ton tally likely this year, far above past gold-buying records for any country, including gold-crazy India.

Remember, that covers only readily trackable gold passing through Hong Kong. China almost certainly imports still more through other conduits.  China wants to take America’s place and with the largest gold hoard it could call the shots. Once active as a currency to exchange scarce commodities, its price will skyrocket. In the 11-year commodities bull market that started to take a breather in 2011, gold outperformed its peers by a considerable margin, hinting at what lies ahead.

Of course, I assume that China will grow. Critics convinced that China’s so-called “overbuilding” signals its coming crash should note: a significant portion of this putative overbuilding involves mining constructing and infrastructure.

Assuming the U.S. dollar will partially or totally lose reserve currency status means that gold would reemerge as a monetary metal and that the U.S. see major economic changes, including surging commodities prices, with gold on top. I see gold’s recent sharp and admittedly frightening fall as an exceptional buying opportunity and one for other less volatile commodities too

Read More Here

West Is Close To Destroying Paper Gold Scheme – The reason I’m convinced we are close to an end is the demand from China continues to be immense.  The smuggling into India is also significantly underreported.  So the East is just taking up, at bargain basement prices, all of the available gold that they can get their hands on.

So we are optimistic that in Q1, and possibly as early as January, we are going to see a turn.  Keep in mind that, as I mentioned to you earlier, we will most lilkely see a violent move in gold once the turn occurs.  KWN readers also have to understand that one of the possible consequences for the West continuing with this paper gold price suppression scheme include the possible end of the Comex as we know it.  The rigged casino will simply close its doors and the players will go home.

Read More Here