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!

COMEX Silver Futures in Jeopardy, Squeeze Very Possible Now

July 11, 2014 9:49 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!

Friends, I know you know that something is not right in the markets… Heck, in the world today. I also know that to a degree, you may be overwhelmed with analysis paralysis and not sure what to do or where to turn and when.

I also realize that most of you are too busy going about your day to pay as much attention as you should, I really do understand that. The unfortunate part is that this is the same complacency that wreaked havoc on your portfolio’s in 2008.

Now, you have people like me in your face almost everyday saying “Buy Silver, buy gold, buy a diamond” thinking that these hard assets will save your life; again, I want you to know that I understand where you are coming from.

I also what you to know that this derives from the passion in my heart to help people and the ugly feeling in my gut when I realize how close we are to a major event similar to 2008. Also, when I see how many people are nowhere near prepared; I want you to know that even though I make my lively-hood from selling these hard assets, my passion does not stem from self-greed in any way, shape or form.

Let me ask you… Do you remember what caused the 2008 crisis? Do you remember who was to blame? Do you remember what the FED and the government did to try to solve it that only made the problem far worse for you, ordinary citizens and me?

I see an eerie resemblance to the set up that caused the crisis in 2008 today and its been building up for many years. When I see Junk Loans Turned Into AAA Debt at Record Pace it concerns me, because it is too similar to the mortgage loans that were being “packaged” for inventors.

When I see the Family Dollar profit falling by a third, that concerns me too because it’s a damn dollar store, its not Nordstroms. Yesterday on CNBC, Wilber Ross said “I’m selling 6 times more than buying”.

These smart investors are starting to run for the exits… and rightfully so. It doesn’t matter if you missed out on another 1-2% gain, because when the bottom falls out of the equities, it happens quickly! Look at yesterday.

Remember the DOW dropping 150+ points yesterday? What was your first reaction? My reaction was… here we go! They said this morning that the Stock Market volatility will remain elevated… Ya think?!

In closing, I remind you that something doesn’t smell right and right now you have some serious choices to make. You can either stay complacent or start to make some adjustments. The options are not so scary, but perhaps they seem scary because you are out there on your own and do not know who you can trust for good solid advise.

Win, loose, like it or not, I will always give it to you straight. I’ve lost readers because I’m too honest, but I’d rather lose a reader because of my honesty, rather than telling them a lie and what they want to hear.

Its not always going to be about gold, silver, diamonds or promissory notes… its going to be what is best for you and your goals, not mine. You see, if you don’t need anything I offer, perhaps you know someone who does or will.

I would encourage you to call me or send me your number so I can call you –

Here is my promise and my pledge to you…

I will never come across pushy, that’s not my style. I prefer intelligent two sided conversations. You talk, I listen and vise-verse.

I will always listen to you and put your concerns before my own. I will always treat you with the respect and courteousness that you deserve.

I could honestly say that everyone that has ever called and talked to me has always told me that I am easy to talk to, quick to understand and surprised at what a good listener I am instead of someone trying to talk over you to make my point more strong than yours.

They were grateful that I am always available to take your call and help people to understand what is going on and more importantly, how to navigate through the storm.

Now right to the breaking news that matters…

September Silver Looks Poised To Break-Out

september silver bull

COMEX Silver Futures in Jeopardy, Squeeze Very Possible Now – A sure-enough short squeeze might be developing in the volatile silver market.  We attempt to identify who, or rather which class of futures trader, might be sqeezed.

With so few traders and so many gross shorts, at some point the silver short sellers ought to run up against the CME or CFTC position and accountability limits, shouldn’t they?  If we divide the 54,973 shorts held by Swap Dealers by the 15 traders reporting them, we arrive at about 3,665 shorts per Swap Dealer.

That’s about twice the front contract limit.  (The front contract is where much of the activity and trading is concentrated in gold and silver futures.)  Not that the CME is all that famous for enforcing position limits, of course, but it does speak to just how deep is the pool of vulnerability we are trying to cast a bright light on tonight.

It has been a while since we have seen a sure-enough short squeeze in silver or gold futures.  Since 2011 in fact.  Pardon our obvious impatience while waiting for the squeeze-show to begin…

Read More Here

Gold, Silver, Platinum & Copper Now Set For Stunning Advances – Silver has already decisively crossed the long-term trend line and the 55 week moving average. A break above $22.18 (2014 high) confirms a double bottom, which would then target $25.60

A completion of that double bottom, if seen, would then take Silver through the neckline of a larger double bottom, which would then target $31.50 (taking it through the 200 week moving average and 2011-2012 lows)

Read More Here

Precious Metals and Miners About To Start New Bull Market – I think that the Metals and Miners Bull Market has just began and we are very close to the point of recognition of a new bull market which should give us an idea of what to expect going forward.

As we have already seen in the past the first phase of a bull market is frustrating as many investors usually lose their positions too early and are therefore often left behind. This is how bull market works. Charts are telling me that Metals and Miners are on the verge of a massive breakout, which could be the point of recognition of a new cyclical bull market.

On the chart you can see that the Gold/XAU ratio is very close to break below the neckline of a massive Head and Shoulders Pattern and also to break through a 3 year support channel trend line. Once these trend lines are broken, a point of recognition of a new bull market should be valid and a new impulsive leg up in Miners and Metals should be launched.

You can also notice that the Gold/Silver ratio chart just broke below its long-term support, which is a bullish sign for the Complex Metals. Silver is outperforming Gold.

Read More Here

The World Is On Fire & We Will Soon See A 2008-Style Collapse – As the Fed ends tapering in October and stops buying Treasury bonds, stock markets and credit markets will crash.  But this crash may begin to unfold before October.  One of the key indicators of trouble will be a significant decline in the U.S. dollar.  The dollar is weak both fundamentally and technically.

Gold is hated by governments in the West because it reveals their poor economic policies and the destruction in purchasing power of their currencies.  Also, the West has no physical gold left.  Central banks and bullion banks in the West have virtually empty gold vaults.  All this gold has gone to the East, especially China and India.

The West is now going to fight this final battle by issuing unlimited amounts of worthless paper, but this time it will have no effect.  We’ve seen a good rise in gold and silver today, and as we’ve discussed, the final low has already taken place in early June.  I would expect a major move between now and the end of July.  We may then see a pause in August, before the autumn when gold and silver will start their surge to new highs.

Read More Here