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Gold Shines Again as Hedge Funds Boost Wagers on Advance

July 9, 2014 9:31 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 right to the breaking news that matters…


Why this bullish pro sees big stock market drop soon – The summer of 2014 is starting to look a lot like the summer of 2011, according to one Wall Street strategist who sees a sharp stock market slump lurking over the next couple of weeks.

Though he is otherwise strongly bullish, Jeffrey Saut, chief market strategist at Raymond James, believes a run higher that has been virtually unabated for the past two years now faces a major challenge.

Read More Here

If ever the stock market flashed a ‘sell’ signal, it’s now – I know what you’re thinking. You’re thinking: Is this market going to go up another 10%? I have no idea. But this being a powerful market that can blow your account clean off if you’re wrong, you’ve gotta ask yourself: “Do I feel lucky?

Most investors seem to feel pretty confident that this market will never go down. But if you’ve studied bear markets, you know how this story will end. Don’t forget: Human nature never changes.

Read More Here

So, even the bullish pro’s see an equities ready to tumble and everyone else sees gold & silver ready to launch, what’s an investor to do….

Historic Breakout Has The Price Of Silver Set To Skyrocket – Today KWN is putting out a special piece which features two charts showing the historic breakout in the price of silver.  This is the type of chart that the big banks follow closely, as well as big money and savvy professionals.  David P. out of Europe sent us the astonishing silver charts that all KWN readers around the world need to see.

It’s important to keep in mind that this historic breakout in silver is coming from the most oversold levels ever.  So this has the potential to be an extremely explosive situation.  Keep in mind, a move to $65/oz would only take the MACD indicator to a neutral position, so that would not be extreme from a technical perspective.

Silver would need to go significantly higher in order to be considered overbought, most likely much higher than $100/oz.  This is truly one of the rare moments in history when the silver market is set to skyrocket.

Read More Here and Here

China Is Going To Push Gold, Silver & Oil Dramatically Higher – Gold will end up being the currency the Chinese elect to take as repayment for their loan to Polyus.  Despite the propaganda, the Chinese are accumulating gold as fast as they can, and they are making it more difficult for the West to see how they are doing it and how much gold they are accumulating.

So day by day, story by story, you are seeing this point of inflection coming closer and closer.  The message for your readers is they have got to own gold.  This is becoming a world where you should not be as diversified as you once were.  You should be over-weighting gold in your portfolio, and you have to have energy in your portfolio.  That means owning physical silver as well.  So own gold, silver, and energy.  Those should be the bulk of everyone’s portfolio at this point in history.”

Read More Here

Gold Shines Again as Hedge Funds Boost Wagers on Advance – After investors sent bullion tumbling in 2013 by the most in three decades and kept dumping the metal earlier this year, demand is now up and prices are defying bearish forecasts. Money managers increased net-long positions for a fourth straight week through July 1 and holdings in exchange-traded products are climbing at the fastest pace since 2012.

“Gold’s performance has proven the bears wrong so far this year,” John Kinsey, who helps manage about C$1 billion ($935 million) at Caldwell Securities Ltd. in Toronto, said in a interview yesterday. “We look for further strength through the balance of the year.”

Read More Here

Got Gold? If not, don’t feel bad. Neither does Germany even though they requested their gold back and it didn’t come. According to Reuters: Germany’s plan to bring back the nation’s gold reserves to Frankfurt by 2020 has fizzled, and instead has for now decided to leave $635 billion of gold in US vaults.

Something is very wrong here. Honest government would open the reserves for an audit on a regular basis (apparently the Bundesbank does so annually). But honesty is not applicable here. When a government becomes a wounded animal fighting for survival, anything goes. Economic statistics are obviously manipulated. Why would one suppose that gold would not be used in the fight to survive?

The real answer to what is going on is unavailable, at least to mere citizens like us. All evidence points toward a worst case — the gold is either gone, hypothecated or something just as nefarious.

To protect yourself against whatever the true situation might be, hold some gold of your own. Got Gold? Everyone with a portfolio should be able to answer, “Yes” to this question. The proper amount is up to you and your financial adviser.

Read More Here

The Almighty Dollar Is In Peril As The Global ‘De-Dollarization’ Trend Accelerates – As the Obama administration continues to alienate almost everyone else around the entire planet, an increasing number of prominent international voices are starting to question why the U.S. dollar should be so overwhelmingly dominant in global trade.  In previous articles, I have discussed Russia’s “de-dollarization strategy” and the fact that Gazprom is now asking their large customers to start paying in currencies other than the dollar.

But this is not just a story about Russia any longer.  As you will read about below, China and South Korea have just signed a major agreement to facilitate trade with one another using their own national currencies, and even prominent French officials are now talking about the need to use the dollar less and the euro more.  John Williams of recently said that things have never “been more negative” for the U.S. dollar, and he was right on the mark.

The power of the almighty dollar has allowed all of us living in the United States to enjoy an extremely high standard of living for decades, but as that power now fades it is going to have profound implications for the U.S. economy.

Read More Here

Rocket attacks on Tel-Aviv – Hamas rockets reach Jerusalem and Tel Aviv – Half of the countries population is in bomb shelters. – We are preparing to add to our two special infantry formations that are on the Gaza border, and which are now busy with efforts against [cross-border] attack tunnels,” the source said. “We have fully deployed Iron Dome batteries. And we are moving toward a significant phase of the operation, in terms of attacks on targets.

Read More Here

Why Is Obama Encouraging Illegal Immigration When We Can’t Take Care Of Millions Of Our Own Citizens? – Border security is a joke, the federal government refuses to go after “sanctuary cities” even though they are breaking federal law, there is a website that instructs immigrants how to sign up for welfare programs once they arrive in the United States, and the Obama administration has distributed flyers that tell illegal immigrants that their immigration status will not be checked when they apply for food stamps.

And Obama has even instructed officials to use “prosecutorial discretion” in deportation cases involving non-criminals.  In other words, Obama has been flashing a huge green light to illegal immigrants, and so of course our borders were going to be inundated with them.

Read More Here

Just so we have this straight. The equities market is due for a correction (if not a full on bear market) gold & silver are on the verge of a move out of their bear market to a price much higher than we are seeing today; the geo-political tensions in several countries across the globe are mounting by the day and not just in one county… several at the same time….

And you still wonder if buying hard assets is a good move today?