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Right to the breaking news that matters….
Buying gold and silver now makes more sense than chasing stocks – Gold and silver have outperformed stocks so far this year and have a lot further to go as equities hit a wall of fast deteriorating geopolitics and weakening economies as we progress into the autumn.
Do you buy high and sell low? No. So why would you buy stocks close to all-time highs when you can still pick up gold and silver at a respective discount of 30 and 60 per cent off their 2011 highs?
What will encourage demand for gold and silver to pick up again? Real assets like precious metals are a safe haven in times of trouble with no third party involved or the central banks. They are money that central banks cannot print, and what do you think they will do if financial markets tumble?
Bo Polny: For The Record, Gold $2000+ in 2014 – As to his track record… it’s a stunner! The final summer low in August 1, 2014 and ‘Buy-of-a- Lifetime’ has come and gone and the rise to $2000 Gold by year-end & $10,000+ by year 2020/21 has begun!
On August 1, 2014 dropped an additional $12.50 into a FINAL Summer low of $1281.00 … The 2014 Summer Gold Low is COMPLETE!
$1300 Gold is soon to be history with Gold Spiking into $2000 before year-end when the third and final 7-year Gold cycle into 2020/21 and $10,000+ gets under way!
Crucial Chart Shows Gold & Silver Ready For Massive Breakout – Today KWN is putting out a special piece which features a must-see chart that shows the gold and silver markets are ready for a massive breakout to the upside.
These are charts that the big banks follow closely, as well as big money and savvy professionals. David P. out of Europe sent us this key chart that all KWN readers around the world need to see.
The massive, almost perfect head & shoulder formation in the Gold Bugs Index (HUI) is now near completion. This means that any day now the resistance line could be breached on the upside. A breakout will likely result in a very large rally.
Shanghai surprise for silver supply should boost prices higher – A surprise 90 per cent slump in the silver inventory of the Shanghai Futures Exchange, where physical metal rather than paper is traded, has silver bulls talking today.
The emptying of the vaults accelerated in the past two weeks with 23 tonnes taken in the week ending July 25th and another 21 tonnes in the last week of August, according to the website SRSrocco Report.
Shanghai surprise: Since March last year the silver held by the Shanghai Futures Exchange has crashed from 1,143 tonnes to 148 tonnes. Can you say supply cruch?
Casey Research: Top 7 Reasons I’m Buying Silver Now – When considering the catalysts for silver, let’s first ignore short-term factors such as net short/long positions, fluctuations in weekly ETF holdings, or the latest open interest. Data like these fluctuate regularly and rarely have long-term bearing on the price of silver.
I’m more interested in the big-picture forces that could impact silver over the next several years. The most significant force, of course, is what I stated above: governments’ abuse of “financial heroin” that will inevitably lead to a currency crisis in many countries around the world, pushing silver and gold to record levels.
At no time in history have governments printed this much money.
And not one currency in the world is anchored to gold or any other tangible standard. This unprecedented setup means that whatever fallout results, it will be of historic proportions and affect each of us personally.
Specific to silver itself, here are the data that tell me “something big this way comes”…