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!


Why This Top Technician Recommends Buying Gold Now

March 25, 2014 8:33 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…

 

For the balance of this week, the reports will be a bit unconventional and some days, I might not be able to post as I am putting the finishing touches on “the next big thing for you” – I am planning a launch April 1st.

This “next” thing is one of a kind and will be somewhat proprietary for the first few months, but you will get a chance to call and write in with questions… Be Patient.

The reason that I do all this is for you and to make my company a better company where you can get the latest breaking news that matters, purchase your physical gold and silver at discount prices and select the best quality of rare color diamonds at the best wholesale prices… and when you see what’s coming next for select individuals… it will make your head spin!

Why this top technician recommends buying gold now – Gold suffered another tough session Monday, dropping nearly 2 percent following a bad week. But one of the most respected technical analysts on Wall Street says it’s high time to buy in. Indeed, Sterne Agee chief market technician Carter Worth predicts that gold will rise about 15 percent from current levels.

After a painful 2013, bullion was finally finding some strength in the beginning of 2014. The key, for Worth, was that the metal was able to turn around a grim trend.

“When you’re cascading, you make a low and then you violate it. And make a low, and then violate it. Make a low, and then violate it. Low after low,” Worth said Friday on CNBC’s “Options Action.” “But then, we have this massive low in June, as everyone knows, and again, we have a rally. But this time, we don’t violate. So we have a well-defined double bottom.”

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Not sure if I read this right… Help me out would you please?

US Prepares To Provide A Billion To Ukraine As Detroit Plans Mass Water Shutoffs Over $260 Million

Carl Icahn’s Next No-Brainer? “A Major Sell-Down Of Artificial Market Is Coming” – Sprinkled in between Herbalife promotion and eBay board decimation, CNBC’s favorite crowd-pleaser Carl Icahn offered a few pearls of wisdom that the TV anchors were un-prepared for:

*ICAHN SEES MAJOR SELL DOWN OF MARKET COMING

*ICAHN CALLS MARKET ARTIFICIAL BECAUSE OF FED POLICY

Of course, Icahn did not specify the timing which provided just enough cover for the talking heads to confirm their “but stocks are a buy” perspective. We wonder whether the “sell-down” is as big a “no-brainer” as many of Carl’s other ideas.

Icahn had plenty to say:

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So if a meltdown is coming… where do you go for protection?

Again, I urge you to take a second look at this rare color diamond business – just because you may not understand the color diamond market doesn’t mean you should be ignoring it.

I’m here to help explain it, guide you through it and protect your wealth with it!

Click on the picture of the diamonds & see what the media is saying about rare color diamonds…

 

 

colored diamonds

Hold Something You Can Appreciate While It’s Appreciating!

Now onto the breaking news that matters…

Top 10 nations stockpiling gold – Discussions involving gold hoarders tend to generate images of the stereotypical nervous Nellie hiding out somewhere in the wilderness. Uncivilized and irrational, they count their so-called barbaric stacks of gold, which are located next to a lifetime supply of canned goods. While this portrayal may be amusing, the biggest hoarders of gold are some of the most advanced nations in the world.

Last year, global gold demand reached 3,756.1 tonnes or metric “tons” — nearly 3.8 million kilograms, or 8.3 million pounds. That amount is valued at $170 billion, according to the World Gold Council. Demand was down from the prior year due to heavy outflows in exchange-traded funds and similar products, but bar and coin demand surged 28% year-over-year as investors still had an appetite for hard assets.

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Coming Default In Gold To Create Disorderly Price Spike – I think this is just noise (propaganda) and jawboning because of the desperate need for physical gold.  I don’t see European central banks selling gold.  In fact, I see them buying gold in the face of problems in Europe.  And of course we know the Chinese have been buying all the gold their domestic producers have been producing.

So further tightness in the physical gold market is expected.  I think this is one of the reasons why the gold stocks, even though they have corrected, have not corrected very much.  We are seeing ‘bought deals’ that are oversubscribed.  So there is plenty of money coming into the gold market.

We know from last year that there was a huge naked short position in gold.  This has been partially corrected, but if you look at the Chinese deliveries, they are still socking away a lot of physical gold.  Today was a fairly benign ‘triple witching’ day, but one of these times we will come into an expiry and there will be a default or a shortfall.  There is just not much physical gold around, so with all these gold shorts, this is an accident waiting to happen.  This is going to mean a dramatic and disorderly move up in gold.

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