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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Now, onto protecting your wealth…
This looks like a spectacular magic show – I mean really… The Dow at all time highs and gold & silver continue to be pressured lower.
The magic part is that is is naked – There is in no way enough metal (at least here in the US) to do what the cartel is doing. You folks are smart enough to understand right from wrong, good from bad, truth from fantasy… look at this:
There is also more evidence that Gold Drops Below Cash Cost, Approaches Marginal Production Costs the leads me to one word… Unsustainable!
So when you read the truths and understand them – try to Avoid Regret: Accumulate Gold Bullion Now not because I say so, heck, I’m just a young lad and haven’t seen some of the things that these older analysts have seen like This 60-Year Market Veteran, he says – This Is What Will Send Gold & Oil Soaring and if that doesn’t work, we always have Japan preparing $53 billion economic stimulus package this week
Guys – The fundamentals are so ripe…
However, I realize that people are nervous and want to know: What’s going on? How low can it go? Well for starters, as I mentioned in my report last week, that I felt we were going to re-test the lows of June: $1,180 & $18 respectively.
“Yeah, but my buddy says silver will drop to $12-$15” (some have said) Remember in June when we got to these lows and the same things were said?
Heck, I know anything can happen, but for those who bought silver at the $18 range, saw a significant 50% return in the matter of just under two months when silver went up $7 to hit $25 in late August. Did they sell for profit? I venture to say that they did not! -I would also venture to say that they are using this as an opportunity to increase their holdings.
Here is the year to date chart for silver. Yup! Can’t argue – it looks ugly. BUT, if you flip the chart around, in other words, when silver bottoms again and starts its assent – BAM!
Here is where the money will be made guys – and having the safety of a hard asset. A Low of $18 and a high of $48 – I’d take those odds over the following…
Getting Ready for the Big One: February 2014 – Stick the date in your diary, pop it on your iPad and synch it with your iPhone. Use them while you can, because they will be relics of the past most undoubtedly in the coming months. You won’t be needing anything in the future, once the financial world implodes and it is set to happen in February 2014.
If we were in 1929, this would be June 1929, just a few months before the crash happened back then. Yes, we can say whatever we like with numbers, but like cameras, there are some calculations that never seem to lie. Businesssweek’s Tom DeMark, a financial analyst has put together indicators that are able to predict movements of the market with surprising accuracy.
DeMark states that “the market’s going to have one more rally, then once we get above that high, I think it’s going to be treacherous. I think it’s all preordained right now”.
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…
The Next Black Swan: A Dollar Crisis – Analysts everywhere appear to be wondering what could possibly be the catalyst to turn the gold market around. I maintain it’s the same catalyst that drove the gold bull market from 2001 to 2011. Out of control currency debasement.
Does anyone seriously think that we can print trillions of dollars out of thin air for five years and not eventually have something bad happen? The next the black swan is already staring us in the face. It’s going to be a collapse in the purchasing power of the US dollar.
Since the beginning of the year the dollar has been showing signs of extreme stress as it began to oscillate violently back and forth in what is known as a megaphone-topping pattern. When this pattern breaks to the downside it is going to initiate the beginning stages of what will likely be a fairly severe currency crisis by next fall.
In this environment I think it’s going to be impossible for the manipulation in the gold market to continue. As a matter of fact I got a signal last Tuesday that indicates to me that the forces trying to manipulate gold down to $1000 have probably thrown in the towel and given up, realizing that an impending dollar crisis is about to begin.
On a cyclical analysis basis, the intermediate cycle is now running out of time for a move all the way back to the $1000 level. As you can see in the chart below the average duration for an intermediate degree cycle is between 20-25 weeks. Currently gold is on the 23rd week of this cycle.
I believe we are within days of a final bottom in this intermediate cycle. I think an initial 10-20% position can be taken anytime this week. Then once we get confirmation of an intermediate bottom one can start adding to that position.
If one can pick, or even get close to, buying at a bear market bottom the initial move out of those bottoms are where the biggest gains in this business are made.