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….
WEEKEND BREAKING NEWS: US air strikes target militants near Iraq’s Haditha Dam – U.S. warplanes launched four air strikes against Islamic State militants threatening western Iraq’s Haditha Dam early on Sunday, witnesses and senior officials said, broadening Washington’s campaign against the fighters.
The leader of a pro-Iraqi government paramilitary force in the west said the strikes wiped out an Islamic State patrol trying to attack the dam – the country’s second biggest hydroelectric facility, which also provides millions with water.
President Obama: US will ‘hunt down’ ISIS ‘wherever they are’ – One day before the thirteenth anniversary of the September 11 attacks, President Barack Obama plans to address the nation on the threat posed by ISIS extremists—telling NBC News the U.S. will “hunt down” the terrorists “wherever they are.”
“What I’m going to be asking the American people to understand is, number one, this is a serious threat,” Obama said about the speech, which is not expected to be a prime time address. “Number two, we have the capacity to deal with it.”
Record 92,269,000 Not in Labor Force; Participation Rate Matches 36-Year Low – The labor force participation rate has been as low as 62.8 percent in six of the last twelve months, but prior to last October had not fallen that low since 1978.
BLS employment statistics are based on the civilian noninstitutional population, which consists of all people 16 or older who were not in the military or an institution such as a prison, mental hospital or nursing home.
In August, the civilian noninstitutional population was 248,229,000 according to BLS. Of that 248,229,000, 155,959,000—or 62.8 percent–participated in the labor force, meaning they either had or job or had actively sought one in the last four weeks.
Great Danger Looms As Investors Say Goodbye To Summer – Looking around the world it is astounding how investors are ignoring risk in their investment strategy. Global stock markets are in bubble territory, but the massive liquidity and the lemming mentality of investors have led to a total disregard of the risks that stocks represent today.
Most global stock markets are now in a position where the Nasdaq was back in late 1999. This means that the markets could go a bit higher, but the downside in real terms is 80 percent or more.
Stocks and bonds represent a huge risk, and the banking system is unlikely to survive in its present form. This is why physical gold and silver stored outside of the banking system are an excellent way to minimize risk and to preserve wealth.
The only reason the metals have not yet started their massive surge is because almost all investors don’t see the risks present in the system. It’s also because there is still manipulation in the paper pricing of the metals markets. But this manipulation will soon fail.
The Seven Year Cycle Of Economic Crashes That Everyone Is Talking About – Looking back, the most recent financial crisis that we experienced was back in 2008. Lehman Brothers collapsed, the stock market crashed and we were plunged into the worst recession that we have experienced as a nation since the Great Depression.
Prior to that, the last time that the stock market experienced a major decline of that nature was during the bursting of the dotcom bubble seven years earlier. 2001 was a year of recession for the U.S. economy and of big trouble for stocks. You can see what happened to the Dow Jones Industrial Average on the chart that I have posted below…
The secret bull case for gold in September, and, oh, that jobs report – September should see a big mood shift, as the Wall Street tastemakers are chauffeured back from the Hamptons, send their distracting offspring off to some posh boarding school and finally get back to the business of moving markets. It all starts with today’s nonfarm payrolls report.
The fun should continue next week with the Apple unveil and a potential IPO from Chinese Internet beast Alibaba (more on this below). We seem to be on a bit of an IPO bender this year, already surpassing the number of filings from all of last year.
Still, the bear’s paradise of September is well documented. But what isn’t is the flip side. This is historically a fantastic stretch for gold, and it couldn’t get here soon enough for an investment that’s down almost double-digits in the past year.
“September is historically gold’s best-performing month of the year, returning 2.16% on average since 1969,” said Frank Holmes, chief investment officer of US Global Investors. And no other month is close, as you can see from this chart:
We Are At the Lower Bound – Trust us, TPTB are terrified of what’s coming and know full well that rising PM prices – i.e., the “Financial World’s Achilles Heel” – will destroy six years’ worth of highly sophisticated, relentless deceptions in an instant. So have no fear, PM holders; you are not only right for the right reasons, but on the verge of “winning” a war that mathematically must be won.
Not that “winning” won’t come with its own ugly ramifications – like a potentially very scary world. However, in owning physical gold and silver – and otherwise preparing for what could be a very difficult period in human history – you at least possess a chance at financial survival.
A Dollar devaluation is around the corner, you better have Silver and Gold – US Dollar is trading at a high of 83.770, actually down 6.4 points from yesterday’s close and almost 100 points higher than Wednesday’s end. The Dollar rally was not because of good things happening in the “land of the fees”, but because the EU desperately cut interest rates to .05 of 1%.