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!


Man Who Predicted Short Squeeze Says Silver To Skyrocket…

June 20, 2014 9:04 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!

Don’t Scan The Report Today, Please Read it Through…

Chuckle of the day… Not once, at anytime during the precious metals breakout yesterday, did CNBC acknowledge that gold had rallied some $40 for a 3.3% gain and the mother of all one day rallies… silver, a whopping .90 cents or 4.4% gain – but to them, the MSM, its like it never even happened. I haven’t seen dollar up days in silver since 2010/2011. The fact is friends, Soaring Gold and Silver Prices Should Not Be a Surprise to Anyone 

It all started because apparently someone needed new teeth, an unknown investor dipped in and Bought Half A Billion Dollars Of Gold Futures at market open, then it just broke out from there. Silver got the biggest bang because remember friends, silver is a very small market and doesn’t take a lot of money to move it. Speaking of money, Jim Rickards says: We Are Witnessing The Collapse Of The U.S. Dollar

Remember just the other day and the day before that when I was talking about a massive short squeeze/short covering rally? Looks like we are getting it… But, the big question is… how much more will it run?

 rocket launch

SILVER GOES VERTICAL

Friends, I urge you not to put yourself in a position of weakness, but rather a position of strength… Here is what I mean. When you see a big push up like yesterday, your thought is … I will wait for it to come back down and then buy because its been trading like this for the past year or so. Up one day, down the next.

At some point, and I truly believe this is it, the metals will trade outside this range that has been holding them captive. All it it takes is for someone to jump in with a half a billion dollars and bam! What if that same individual bought half a billion in silver… then what do you think would happen?

Time to get off the sidelines folks… Remember the old adage, supply & demand? Similar to the oil spike. When we have uprising in the middle east, oil goes up right? Well look at silver the same way. When silver goes up and everyone wants it… what do you think happens to the premiums? Up right?

June Lows Often Mark the Beginning of a Long Rally in Gold and Silver. 

Well, for now, the mint is staying firm on their price, but I don’t know for how much longer – and the more you wait and the price of silver goes up, who cares about the $1.75 over spot that I charge delivered to your door, you are already paying more.

Here’s what I mean…If you bought when I announced my special last week, you premium would be paid for and you’d be up .50 cents. Silver has risen $2.20 since that time.

Again, if you have intentions of acquiring silver… this is the time to get off the sidelines…

phone

Man Who Predicted Short Squeeze Says Silver To Skyrocket – This (move) is as good as we could have asked for, Eric.  The key now is whether we are going to get some follow through tomorrow.  Based on what I see as a short squeeze developing, if I’m right you could have another 4 percent of 5 percent up-day tomorrow in silver….

If silver goes above $22, the sky is the limit on silver because that’s really been the big resistance point.  And the interesting thing, Eric, is we have the options going off next week.

This would be an indication that this thing is finally ready to begin a new move upward.  You know my longer term forecast is I’ve been looking for something over $2,000 on gold this year, and probably approaching $50 and maybe even exceeding $50 (on silver) in the not too distant future.  That would put the gold silver ratio down at around 25/1.

If we get a big follow through tomorrow, then next week you blow the shorts out of the market with option expiry.  This could be the launching of a big move up in both gold and silver.

Read More Here

BREAKING NEWS: Obama: US prepared to take ‘targeted and precise’ military action if needed in Iraq – The U.S. is prepared to send up to 300 new American military advisers to bolster the ranks of those already in Iraq, the president said, adding that U.S. forces are also ready to create joint operations centers in Baghdad and the north of the country to share intelligence and coordinate planning. – and this news alone should continue to give strength to the metals rally.

Read More Here

Fleckenstein – Stocks Will Crash & There Will Be Hell To Pay – The stock market still believes that the Fed is going to be able to taper to somewhere near zero and not have an accident.  The stock market is wrong.  There will be an accident….

A tapering is a reduction in the amount of easing but people need to keep in mind that the Fed is still easing.  Last year the Fed printed over $1 trillion and they are still printing money. In any case, the Fed is totally misreading the economy because it’s not as strong as they think and housing is rolling over.  There are also other signs of weakness.

Read More Here

A Silver News Surfer Exclusive!

A Rare Color Diamond Gold Medallion!

Did You Know… That if you made a $600,000 investment in a rare five-carat fancy pink diamond in 2001, you would yield about $3 million today.

Also, A five-carat fancy yellow diamond increased in value by 180 percent from 2001 to 2011 – compared to Berkshire Hathaway stock, which increased by 52 percent for that 10-year period and Coca Cola, which grew 42.5 percent

SOURCE: Forbes

ALERT! Click On The Coin and check out this monster!! Rare 123-carat blue diamond unearthed in South Africa

 

Rare Color Diamonds & Gold are a Great investment 

Diamond Gold Coin 2

Wealth Preservation / Generational Wealth

 

Now, onto the breaking news that matters…

Legend Warns To Expect $100 To $200 Up-Days In Gold – This is obviously a huge day in the gold and silver markets as the shorts are beginning to show some fear and cover some of their positions.  This has been a long time coming and it is far from over because we still have spectacular gains in front of us….

So not only is the rally in gold that we are seeing way overdue, but there are a lot of shorts in this market that will create a real scramble.  We have already broken above the 200-day moving average.  My sense is that between $1,330 and $1,360 there is a little bit of resistance.  But after that there are some big vacuums higher in terms of the price and it wouldn’t surprise to see $100 to $200 up-days for gold.

Read More Here

Richard Russell Declares “The Bear Market In Gold Is Over” – What’s holding the dollar up? This is a market full of mysteries and at the same time, exhibiting extremely low volatility. As I’ve said so many times before, after the calm comes the storm. Gad, I think I’m ready for another glass of buttermilk.

Chart of gold below. As I write an hour before the close, gold is up $41. Referring to the chart you can see this puts gold above its 50-day and 200-day moving averages. This should start squeezing the gold shorts. The bear market in gold is over, and gold again is in a bull market.

Read More Here

Gold and silver prices break out as a classic hedge to inflation from rising oil prices and money printing – Anybody who read the Arabian-Money confidential investment newsletter for this month will know that we spotted June as the bottom in the precious metal cycle. We are therefore not surprised to see this happening.

However, we are surprised by the turn of events in Iraq. With temperatures soaring this time of year even the hottest heads usually cool down. Not so this year and the impact on oil prices just adds fuel to the inflationary fire.

The next conundrum will be to try to predict how far and how fast gold and silver will rise. Maybe that can wait for the next newsletter. It’s nice to be right about the breakout first…

Read More Here

Bullish Metals Ratio Charts Indicating a New Healthy Bull Market – Gold has an important resistance zone at $1290-$1310, a breakout above $1310 should send it at much higher prices around $1550-$1600.

It has been several weeks that the price action has been showing us bullish patterns in Miners and Metals ratio charts. We therefore took long positions in Miners and Metals for the intermediate term trend (JNUG 3X leverage is already up 80%) as I think that it is important to respect what the market is telling us and to look for clues that reverse the trend.

Charts are showing that the cyclical bear market has ended and the secular bull market primary trend has still a lot of upside potential.

Read More Here

phone