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!


Massive Precious Metals Futures Buying, Here’s Why…

July 14, 2014 8:21 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!

From what I can see in my charts and tea leaves, it seems to me that silver will make an attempt at $24 over the next 3-6 weeks, which is going to give silver a firm foundation for a launch much higher into the start of the fall season…. so get ready! Keep in mind, as I wrote before, Buy Any Attempted Takedowns In Gold & Silver!

For those of you who don’t believe it can happen because its been down for so long, you simply are not doing your research. It’s worth repeating that 90% of the move in silver always comes int he last 10% of the time. Its like a powerful force and when it is being held down for so long the way it has, only increases its energy when it starts to more and catches people by surprise.

I also still get a sense that people are still nervous to “invest” in gold and silver… great! You shouldn’t be investing in it, you should be accumulating it. It’s also worth repeating that investing is to try and make money, whereas accumulating gold and silver is to protect money ~ Know the difference.

When “investing” there is always risk of loss. The stock or bond could go down and potentially go to zero and wipe you out completely. Does Lehman Bros, Bear Sterns and AIG still ring a sour note?

Gold and silver for 5,000 years has never gone to zero and when held in your own possession will never wipe you out. Its that part of your portfolio that you just hang on to and don’t touch… you just keep accumulating.

What goes through your mind when well known, respected industry experts say the following…

Gold Should Do Well As Equity Bubble Is Ready To Pop – Axel Merk – Complacency in financial markets is currently extremely high, and investors should have some gold in their core holdings to protect themselves said Axel Merk, president and chief investment officer of Merk Investments.

Merk said that gold continues to be an important diversifier for investors, which he added is why Merk Investments increased its gold holdings last year as prices fell.

Merk explained that rising equity prices on the back of extremely low volatility demonstrates the “amazing amount of complacency” in the marketplace.

“People have been buying, buying, buying and to me that is a bit concerning,” he said. “People are not aware of the risks of what they are buying; that has to end badly. It did so in tech stocks, it did so in real estate, it did so in bonds…”

It is not just Merk who paying attention to market complacency. The Federal Reserve also sees this as a concern; however, following the June 18 monetary policy meeting Fed Chair Janet Yellen said that the committee does not believe that the equity market is in bubble territory.

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Or how about this…

The end of QE will cause 15-20% correction: Expert – In the Federal Open Market Committee’s June meeting, the Fed decided that it would likely look to end its asset purchasing program (known as quantitative easing, or QE) with a $15 billion reduction in monthly purchases in October, according to the meeting minutes released on Wednesday. The markets took the news in stride, and stocks actually closed higher on the day.

In the Federal Open Market Committee’s June meeting, the Fed decided that it would likely look to end its asset purchasing program (known as quantitative easing, or QE) with a $15 billion reduction in monthly purchases in October, according to the meeting minutes released on Wednesday. The markets took the news in stride, and stocks actually closed higher on the day.

But Peter Boockvar, chief market analyst at The Lindsey Group, told CNBC’s “Futures Now” that equity investors are making a huge mistake.

“I do not” think the market can handle the end of QE, Boockvar said on Thursday. “QE in its current form was a trillion-dollar annualized stimulus program that’s going to zero. It magically turned 1.9 percent GDP growth last year and mid-single-digit earnings growth into a 30-percent-plus gain in the S&P.

I think, this year so far, the market’s been OK with it because they’ve been believing that the Fed can somehow make this seamless transition from the QE to a self-sustaining, escape-velocity-type economic recovery. And I think, from what we’ve seen so far in the first half of 2014, that’s not really the case.”

Read More Here

What about this…

BIS chief fears fresh Lehman from worldwide debt surge – Jaime Caruana says investors are ignoring prospect of higher interest rates in the hunt for returns.

The world economy is just as vulnerable to a financial crisis as it was in 2007, with the added danger that debt ratios are now far higher and emerging markets have been drawn into the fire as well, the Bank for International Settlements has warned.

Jaime Caruana, head of the Swiss-based financial watchdog, said investors were ignoring the risk of monetary tightening in their voracious hunt for yield.

Read More Here

Do stories like this make you want to act or stay put and take the risk of squeezing out another 2,3 or 5% if that’s even possible from equities? Especially when there are so many other options today?

What they mean about Investor complacency is that people are risking their money trying to squeeze that last few percentage points out of equities, when undervalued assets like silver just made a 14% advance the past month alone!

HELLO? Is this thing on?

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Now onto the breaking news that matters….

Silver price rockets 14% in the past month and going much higher – Gold still steals all the headlines about precious metals but really in the past month silver has been the real shooting star, up 14 per cent, albeit from a grossly oversold price level.

Richard Russell said silver would take off if it past $19.25, but calling a bottom is one thing, however. Getting the speed of the recovery right is quite another. Silver’s rise is dependent on many factors that have nothing to do with this useful industrial metal that is also gold’s only twin as a monetary metal.

Both silver and gold have bounced off the bottom but are going much higher, very much higher.

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There Has Been Massive Precious Metals Futures Buying Both gold and silver have enjoyed massive buying by American futures speculators in recent weeks.  It all started with Fed chair Janet Yellen’s cavalier dismissal of inflation, but the buying momentum persisted well after that.  Happening in the midst of the summer doldrums when global precious-metals investment demand is weak, this is an exceptionally bullish portent.  It is setting up the PMs for a major autumn up leg.

The bottom line is the gold-futures and silver-futures speculator buying following Janet Yellen’s brazen dismissal of inflation was utterly massive.  American traders flocked back to gold and silver at incredible rates, not just covering shorts as expected but adding enormous new long positions.  And this all happened in the dark precious-metals sentiment wasteland of the summer doldrums no less, a very bullish omen.

This represents a sea-change shift in sentiment among the futures speculators who have so dominated the gold and silver prices over the past year and a half.  Gold and silver are vastly more attractive for broad investment when central banks are willing to let inflation run high for a long time.  And the Yellen Fed has fallen all over itself to telegraph just that, heralding a new era of rising gold and silver investment demand.

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24 Silver Points: Facts, Conspiracies & Manipulations – The price of silver is of such vital importance that the subject is a timely one for discussion at a convention of mining men such as this one. The subject is an intricate one with innumerable ramifications and at best only a few of the high spots can be mentioned.

The literature on silver is extremely voluminous and while probably no one man has read it all, yet many of you have read a great deal of it.”

The China Weekly Review (Shanghai), September 27, 1930, page 122, we read— “Silver is very closely connected with the purchasing power of more than one half of the human race.”

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Asset Boom & Inflation Ahead – The “price” of anything is a measurement of something just as a “mile” is a measurement of something. A mile measures distance, a “gallon” measures volume and a “pound” measures weight. But because the actual “value” of a currency can fluctuate, the “price” of the food in the grocery store to the “price” of a share of a stock exchange can move up and down without a change in value of the item itself.

So how does this understanding help us with investing?

If we can get a sense of what is happening with the value of the measuring stick, dollars, then we can invest in assets that benefit from currencies that are strengthening or weakening.

Should the Investment Asset Index break higher, we expect the effects of inflation to become the new dominating theme where assets and prices in general head higher. If currencies in general are losing purchasing power then we believe that assets such as Silver and Gold will be fantastic investments to be positioned in.

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Gold’s Rise & A Stunning Decision To Reverse Policy On QE – Market participants are currently watching the Federal Reserve’s repeated attempts to exit its unconventional monetary policy with eagle eyes. Over the past five years, two such attempts have failed already. At the end of both QE1 and QE2, massive dislocations in financial markets ensued almost immediately. In the current third attempt at an exit, the Federal Reserve is attempting a ‘softer exit’ from its money printing.

The most arguably amusing comparison in this context was provided by FOMC member Richard Fisher in January 2014: he pointed to the fact that under the influence of alcohol, things tend to look more alluring than they really are and offered by way of comparison that QE had a similar effect on investors. Due to artificially low interest rates, they see risk assets through “beer goggles.”

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The Number Of US Firms Willing To Trade in Chinese Yuan Has Tripled This Year – As the US spreads its message of cheer around the world, it appears an increasing number of trade ‘partners’ are more than willing to consider alternatives to the hegemony. As AFP reports, China’s Yuan usage in global trade and finance has more than doubled this year.

While still notably below USD usage in international payments it remains firmly in second place for trade finance and according to a recent survey by HSBC, the number of US companies planning to use Yuan has almost tripled this year (from 8% to 22%). De-dollarization continues… right in our own back yard!

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Gallup Slams Lid On Hopes For US Economy – Consumers are “straining against rising prices on daily essentials to afford summer travel, dining out, and discretionary household purchases – the kinds of purchases that ordinarily keep an economy humming.” That’s what Gallup found when it used a new survey to dive deeper into consumer spending.

Gallup dove deeper into the issue with its new survey conducted in mid-June to sort through what consumers are spending more or less money on. And what it found was that they’re buying a little more – “just not the things they want.”

They’re spending more on things they have to buy, and in many instances they’re spending more in these categories because prices have jumped. At the top of the list: groceries.

  • Groceries: 59% spent more, 10% spent less.
  • Gasoline: 58% spent more, 12% spent less
  • Utilities: 45% spent more, 10% spent less
  • Healthcare: 42% spent, 8% spent less
  • Toilet paper and other household goods: 32% spent more, 5% spent less
  • Rent, the biggie: 32% spent more, 9% spent less.

These categories are household essentials. They’re on top of the priority list. And in order to meet the requirements of these items, consumers are cutting back where they can.

Gallup found that “the increasing cost of essential items is further constraining family budgets already hit hard by the Great Recession and still reeling from a stagnant economy.” Hence, the less essential the expense, the more it got cut. Here is the bottom of the list, which explains part of the recent retail woes:

  • Retirement savings: 18% spent more, 17% spent less.
  • Leisure activities: 28% spent more, 31% spent less
  • Clothing: 25% spent more, 30% spent less
  • Consumer electronics: 20% spent more, 31% spent less
  • Travel: 26% spent more, 38% spent less
  • Dining out: 26% spent more, 38% spent less

Then there are summer travel plans, so future spending, They show just how bifurcated the economy has become.

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If you are properly positioned and truly diversified…

 

Everything Will Be A-OK

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