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!
As blunt as I can be… We are just one bomb away from a major move (by way of short sqeeze) in gold & silver and if you have been on the fence about buying… this would be YOUR time to come down off the fence and start buying NOW!
As you will see below, Russia has invaded Ukraine. Is this the catalyst for pushing stocks into correction territory and causing gold in silver to spike?
Or could it be that September is next week which is the strongest month for gold and silver and the start of the big season?
Look friends, ALL traders and fund managers know that September is the month that make gold & silver shine the brightest based on seasonality – you will see this in a report below and the chart here.
It really doesn’t matter what the catalyst is because there are so many and and we are so close – I can only imagine what would happen if they all hit at once?
This is an exciting time for us metal bugz, yet a very risky time with regard to global chaos. BUT if you act now, you can go through all of this stress free without having to scramble around like crazy.
Several people have come out of the woodwork and said that they expect the equities to correct 30-60% – Do not be complacent friends… the time to act is now!
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Now Onto The Breaking News That Matters…
A “Scary Correction” Is Coming: Two experts warn correction could total 60% – Markets could soon face a fall of up to 60 percent, two experts told CNBC on Wednesday.
A jolt to international confidence in central banks will lead to a 30 to 60 percent market decline, said David Tice, president of Tice Capital and founder of the Prudent Bear Fund. When this happens, he said, markets will face a “period of extreme turmoil.”
This crash will be precipitated, he said, by disillusionment with the Federal Reserve’s “confidence game,” which will then see inflation rise, and the Fed scramble to raise rates. At that point, Tice added, “the Fed starts to lose control.”
Gold (and silver) Represents An Unusually Attractive Opportunity – Sees 30-60% Stock Market Decline – David Tice – David Tice ” I’ve Never Been More Confident Of Anything In My Life That Gold Will Be Far Above $3000.00 An Ounce In The Not To Distance Future
Gold Shines Most in September on Seasonal Buys: Chart of the Day – Buying typically increases with India’s festival period, which runs from late August to October and is followed by the wedding season, times when bullion is bought for part of the bridal trousseau or in jewelry form as gifts from relatives.
Chinese purchases may also increase toward year-end, before the country’s Lunar New Year celebration in February. The nation replaced India as the largest user in 2013.
“Indian jewelers and dealers will be stocking up in the coming weeks, so it should affect prices,” said Mark O’Byrne, a director at brokerage GoldCore Ltd. in Dublin. “A lot of traders are aware of this trend towards seasonal strength, so that may contribute to higher prices. They tend to buy and that creates momentum.”
Russia Has Invaded Ukraine – Ukrainian President Petro Poroshenko said on Thursday that Russian forces and entered his country and the military conflict was worsening after Russian-backed separatists swept into a key town in the east and threatened other areas.
The U.S. ambassador to Kiev, Geoffrey Pyatt, said in a Tweet: “Russian supplied tanks, armored vehicles, artillery and multiple rocket launchers have been insufficient to defeat Ukraine’ armed forces. So now an increasing number of Russian troops are intervening directly in fighting on Ukrainian territory.
As fighting continues in Ukraine, global stock markets retreat while gold gets a boost – Fears of an escalation in the conflict in Ukraine weighed on global stocks markets Thursday, particularly in Russia, but sent the price of gold sharply higher as investors sought out what are considered to be safe places to park cash.
(The last line of that paragraph is kind of interesting isn’t it? In times of turmoil, “investors sought out what are considered to be safe places to park cash”.)
US OUTLOOK: While keeping one eye on developments in Ukraine, investors, particularly in the U.S., will be assessing revised data on U.S. economic growth for the April-June quarter.