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!

Silver Manipulation Finally Exposed! The Who & The Why…

July 29, 2014 10:16 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!

My thoughts have always been that one of the reasons for silver manipulation is because its duel purpose of industrial applications and money! Take a look a the following two very short video,s and you will see what I mean – Silver is an opportunity of your lifetime – be sure to take advantage of it!


The Coming Silver Shortage


Silver: The Element Of Change

Coming soon to a portfolio near you ~ Marc Faber predicts 20% to 30% drop in stocks – Permabear Marc Faber said Monday he expects stocks to drop 20 percent 30 percent by October. “Over my career, somewhere, somehow I must’ve made some right calls,” he said. “Otherwise, I wouldn’t be in business.”

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There Is No Inflation If You Don’t Eat Dairy, Seafood, Fresh Fruit, Pork, Beef/Veal or Eggs…. But if you do, prices have soared since September 2013:

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Now onto the breaking news that matters….

Deutsche Bank, HSBC Accused of Silver Fix Manipulation – Deutsche Bank AG (DBK), HSBC Holdings Plc (HSBA) and Bank of Nova Scotia were accused in a lawsuit of rigging the price of billions of dollars in silver, an allegation similar to earlier suits involving the London gold fix.

The banks unlawfully manipulated the price of the metal and its derivatives, an investor claims in a complaint filed yesterday in federal court in Manhattan. The banks abused their position of controlling the daily silver fix to reap illegitimate profit from trading, hurting other investors in the silver market who use the benchmark in billions of dollars of transactions, according to the suit.

“The extreme level of secrecy creates an environment that is ripe for manipulation,” according to the complaint. “Defendants have a strong financial incentive to establish positions in both physical silver and silver derivatives prior to the public release of silver fixing results, allowing them to reap large illegitimate profits.”

The lawsuit is the latest to be brought against banks alleging manipulation of a benchmark. Suits have been filed against Deutsche Bank and Bank of Nova Scotia, HSBC and other banks in federal court in New York over allegations involving the London gold fix.

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Also read: “London Fix” Gold Rigging By Bullion Bank Exposed In Class Action Lawsuit: The Complete Charts

INDIAN SILVER IMPORTS: Near Record At A Quarter Of Global Mine Supply – It looks like at least one country is still taking advantage of the extremely low paper price of silver.  From information just released, India continues to import a near record amount of silver in 2014.  Even though silver imports slumped in June compared to last year, demand is still extremely strong.

As the article states, India imported 2,882 tonnes of silver in the first six months of the year, down slightly from the previous record set last year at 2,980 tonnes.  We must remember, the Indian government enacted restrictions on gold imports in 2013… forcing its citizens to purchase silver instead.

On top of this, we had the huge smash in the paper price of silver from a high of $32 in the beginning of 2013, to a low of $18 in June.  Again, even with falling silver imports in June, total silver imports are expected to reach 5,000 tonnes in 2014.

Just to put into perspective the amount of Indian silver imports, let’s look at the following chart:

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Embry: The Shocking Reason Why Gold May Quickly Hit $2,000 – “We are at a major inflection point.  After more than 3 years for silver and almost 3 years for gold being under continuous pressure on the downside, the bottom is clearly in and we are going to have an explosive upside move very shortly….

I have said for some time that gold might reach as high as $2,000 this year.  That sounds extreme now with gold near the $1,300 level, but when gold starts to move it will move very violently to the upside.  And If the bullion banks lose control of the market, I could see $100 upside days coming.

So as outrageous as it sounds at this point, I still believe $2,000 could happen very quickly, and I think it would be accompanied by these violent moves to the upside.  There is a very strong probability of this happening because of the physical shortages, massive short positions, and the overpoweringly positive fundamentals.

One of the greatest fundamentals for gold, and it’s coming like a freight train, is the eventual destruction of the U.S. dollar. The fact that China, Russia, and everybody other nation seems to be talking openly about doing deals without using the U.S. dollar is a truly astounding development.  And when it actually takes hold, the demand for U.S. dollars will fall because other countries won’t need them anymore.

As this really starts to unfold this is going to be devastating for the United States in the sense that the standard of living will drop precipitously.

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Similar to the point I was trying to get across yesterday…

Investors Must Prepare Now For Chaos & Wealth Destruction – The changes in the money fund rules were just one of a stream of warnings that the chaos that many have warned is in our future might be uncomfortably close. Street violence is on the rise in many countries. The situation in Ukraine continues to edge toward open warfare. Crucial parts of the Middle East are seeing war.

There are signs that Saudi Arabia and Libya might be next. We are seeing a rekindling of ancient hatreds in Gaza. However, the most important conflict is the civil war occurring within Islam itself. That civil war is close to engulfing the entire region in a monumental and historic battle for dominance. Expect the price of oil to head much higher.

The move away from the dollar is now in full force with the BRICs announcing their own version of the World Bank and International Monetary Fund. It remains to be seen how far away from the dollar world commerce can stray, but the desire and motive to challenge the dominance of the dollar is clear.

It has also been reported that the large central bank purchases of gold might be part of the strategy for anchoring the finances of this new entity. It can only be good for gold as well as a clear indication that the reserve status of the dollar is at risk. So it is extremely important that investors be properly positioned ahead of the coming chaos.

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