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I really do enjoy interacting with my readers. Being that I do this as a free service, its the only thing that brings me happiness. There are still so many of you that I haven’t talked to yet and I’d like to ask you to reach out. Call me or email me and tell me what is on your mind. Tell me what you’d like to see more of and/or less of…
Earlier this week I wrote that I would be showing you, beyond any reasonable doubt that silver and gold will be heading far north of where we are today and this will happen from now to the end of the year.
That doesn’t mean wait for December 1st to jump in, this will be a gradual climb up with some air pockets of turbulence along the way; but as I see it, you buy silver today and wait until December and you will see significantly higher prices of those ounces you purchased.
So, what are some of the catalysts to lift gold & silver? Well for starters, Obama sends up to 200 more troops to Iraq and Poroshenko ends Ukraine ceasefire, renews operations against rebels So here we have two major geo-political issues that have the potential to explode at ANY time.
In another instance, Obama Says The System “Is So Broken” That “Folks Don’t Know What The Rules Are”
I’m not the only one who is suggesting a big move ahead for the metals… they were talking about it on CNBC this morning saying…
Gold will be the second half’s big winner– In the first half of 2014, coffee was the best-performing commodity, rising about 50 percent. So what will be the big winner in the second half?
Jeff Kilburg of KKM Financial is eyeing gold, saying that it reminds him of the coffee trade. “Just a month ago, on June 3, we had that $1,240 low in gold. Coffee got thrown to the curb just like gold,” he said on Tuesday’s “Futures Now.”
So why will gold take off now, after rising about 8 percent in the first six months of the year?
“Now all of the sudden there’s an inflation play potentially, there’s geopolitical risk, and the third head of this monster which no one has talked about and hasn’t been deserving of talking about for quite some time is the safe haven trade,” He also goes on to say he likes SILVER better than gold.
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Now, onto the breaking news that matters…
Monster Gold & Silver Short Squeeze Developing – Right now the precious metals are grossly undervalued, and both gold and silver have started powerful uptrends. One could not ask for more.
We all know that the summer months are typically a lackluster period for gold. But sometimes-seasonal patterns get disrupted, and this may be one of those years.
For Example, the new Indian government is announcing its budget on July 10, and there are rumors that the import restrictions the previous government imposed on gold will be lifted then. Also, the Indian holiday Diwali, which typically is an important event that heightens gold demand, comes somewhat early this year on October 23rd.
So Indian demand during the summer months could surprise the bears. In short, I think a squeeze in the precious metals has just started. Gold and silver look teed up for a fantastic rally this summer.
Historic “Golden Crosses” To Create Explosions In Gold & Silver – this imminent upside explosion is simply a mathematical phenomenon for those of us who took algebra II, which was a requirement for me to enter Cal Berkeley in 1955 (I will be 77 years old this September). This imminent “Golden Cross” signals good times ahead for those patient investors positioned in gold and silver.
Get Ready Because China Is Going To Push Silver Over $100 – If you understand the fact that 70 gigawatt photovoltaics target for China, you better own some silver. Silver is vital for the Chinese to achieve that objective. The problem is there is not enough silver in the market to satisfy their objective at current prices. So far President Xi hasn’t failed in any of his objectives, and he doesn’t want to fail on this target of 70 gigawatts of photovoltaics.
This means the price of silver is going to have enormous momentum behind it when it starts moving. In fact, the move in silver will shock people in the West because they won’t understand why silver is moving so fast and so violently to the upside — Chinese demand. This is what is going to turbocharge the move in silver and send that metal past the $100 level.
Silver Rally: Gold-Silver Ratio Set To Decline Further – Prior to the 2008 crisis, the ratio of gold to silver was about 50. It spiked to near 84 during the 2008/9 crisis and declined to near 32 in 2011. Due to its larger industrial demand base, absent a stumble in the global economy, the ratio of gold to silver is likely to continue to decline, ETFS said.
With total silver demand increasing on the back of a recovering global economy and total supply declining, notably due to reduced recycling from lower prices, higher prices are necessary help rebalanced the supply demand deficit.
Aden Sisters: It’s gold’s time to shine – Most of us hadn’t heard of the Islamic State in Iraq and Syria, or ISIS, a couple of weeks ago. But now they’ve taken over a large part of Iraq, and they’re closing in on Baghdad.
This is the definition of a real wild card, and it’s affecting many of the markets, especially the metals markets, with gold, silver (the commodities), and gold and silver shares all having soared in their biggest rises in nine months. All of these moves appear posed to continue.
The Fed’s recent comments were also bullish for the metals. They again reinforced that interest rates are going to stay low for a long time, and this, too, has made alternative assets more attractive. So as gold began to surge, the shorts were closed out, essentially fueling a stampede.
Market conditions bear a worrying resemblance to those of 2007 – The latest Bank of America Merrill Lynch poll of institutional investors found that a net 48% were overweight equities, even though a net 15% felt that stocks were overvalued.
This apparent contradiction is easily explained since an even bigger share of investors felt that bonds were overvalued: equities must seem the lesser of two evils. But investors also thought that bonds were overvalued at the start of the year, and yet yields have fallen since then.
Another factor propping up the stock-market has been the repurchase of shares. In America companies have been buying back their shares at an annualized rate of $400 billion, or 2.5% of GDP, according to Andrew Smithers, an economic consultant. Buy-backs enhance earnings per share, thereby boosting the value of executive options.
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