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!

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The Most Astonishing News In Gold & Silver…

April 1, 2014 9:33 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…

 

 

Casey Research: Inflation Is Coming, What to Do—Now: Gold had a “bad” week last week—unless you’re new to the sector, or have been sitting on the fence about what to do. If so, and you were wondering just the week before if you’d missed the boat, the current pullback is an excellent opportunity to buy in.

But is this just a correction, or will gold keep dropping from here? In the very near term, no one can say, but Jeff Clark did warn in our dispatch three weeks ago that March tends to be the “worst” month of the year for gold—or, again, the best, if you’re buying. We remain convinced that in any other time frame than the immediate future, gold has only one way to go: up.

Why? Many reasons, but worldwide monetary debasement and our projections of coming inflation are primary ones.

I’m proud to say that your Casey Metals Team has done some original research on the subject of gold and inflation, checking the historical record to make sure we’re not making dangerously flawed assumptions. As you’ll see below, the data shows that we’re spot on.

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Gold Wins The First Quarter While Dow Drops Most Since 2012 – This is the worst quarterly performance for stocks since 2012.  Despite disconnects all over the place today, stocks managed to hold onto gains today. Thanks to some dovosh comments by Yellen (that apparently “some time” is interpreted as more than 6 months), bonds and stocks ripped today leaving long-bonds best quarter since Q2 2012. Gold is the best performing asset of the quarter and HY bonds worst as the USD ended unchanged.

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The Gold Trade Expects A Higher, Not Lower Price Of Gold In 2014 COMEX Commercial Traders Covering Gold Shorts in a Hurry. First the obvious…  With gold having touched as high as $1390 earlier in the trading week, but by then, on Tuesday, having sold back down to the $1310 level (as shown in the graph below) apparently the largest, best funded and presumably the best informed traders of gold futures on the planet thought that gold had already moved lower enough to motivate them to reduce their hedges in a very big way.

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$242 Billion: That Is How Much Record “Window Dressing” Banks Got Today Thanks To The Fed – The last time banks scrambled to pad their books into the quarter end, and come begging at the front door of the NY Fed’s Liberty 33 office, was on the last day of Q4 and 2013, when nearly $200 billion in Treasurys [10] were handed out by the Fed to over 100 counter-parties in what was the largest reverse repo operation conducted by Ben Bernanke, and his brand new Fixed-Rate Reverse Repo operation, in history.

That was the record until today, when just over an hour ago the Fed disclosed that as part of its most recent reverse repo operation, it had handed out to 93 dealer banks and other financial intermediaries, both foreign and domestic, some $242 billion in Treasury’s in what is now the biggest reverse repo operation in history, a privilege for which the collateral-starved banks paid the Fed the king’s ransom of 0.05% in annual interest, i.e., nothing.

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Click on the picture of the diamond & see why I am always talking about them… Absolutely Mind Boggling!

tdm yellow

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Now onto the breaking news that matters…

 

The Most Astonishing News In The Gold & Silver Markets – These are charts that the big bullion banks follow closely in the gold and silver markets, as well as big money and savvy professionals.  This will give KWN readers around the world a bit of a snapshot of what they are looking at as we head into April.

Looking at the MACD for gold, we are very close to a bullish crossover from the most oversold level ever (see bottom portion of chart below).  This strongly indicates the end of the 2 1/2 year bear market in gold may finally be at hand.  If that is the case, gold will have reentered the next bullish phase of this secular bull market.  The entry into the next bullish phase will mean a push to new all-time highs for the gold market.

The bottom line here is gold is trading very close to a line in the sand for the bulls.  While it is possible that gold may briefly pierce the 30-week moving average, the key will be for the price to quickly snap back above that important level and to remain there.

This will signal that bullish forces are finally regaining control of the gold market after 30 months, and gold will be preparing the next major advance to new all-time highs.  If this is the case, that also means we should expect a very big year for gold and silver by the time 2014 comes to an end.

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Coming to a city near youJapanese consumers rush to buy gold as Abenomics money printing surges out of control – Precious metals retailer Tanaka Kikinzoku Jewelry has reported a five-fold surge in sales of gold bars this month, according to the Financial Times.

The FT reported: ‘At the company’s flagship store in Ginza on Thursday, people queued for up to three hours to buy 500g bars worth about $22,500. March has been the busiest month in Tanaka’s 120-year history.

Japanese Prime Minister Shinzo Abe is suddenly facing a jump inflation without any increase in local salaries. Consumer spending slumped by 2.5 per cent last month. It was expected to rise ahead of Japan’s infamous sales tax hike in April, which will drive up prices in a one-off spike in inflation. Instead consumers are rushing to buy gold as a hedge against inflation, just as we have seen in China over the past year. This is entirely rational behavior.

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