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!

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Silver: A Collapse And A Rally?

September 19, 2014 9:59 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!


I know the briefing is a bit long again today, but you have to commit some time to reading and studying this stuff if you want to protect yourself… look at what you can today, then re-open it this weekend. Its that important!


Senate approves arming Syrian rebels to fight ISIS – The U.S. Senate on Thursday easily approved controversial legislation requested by President Barack Obama to allow the training and arming of moderate Syrian rebels in their fight against Islamic State militants.

Don’t worry friends, they’re only giving weapons to the “Moderate Rebels” not the bad Rebels?!?!?!?

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Silver: a Collapse and a Rally? – The silver market is “over-sold” once again, as it was in October 2008, June 2013, and December 2013. Such “over-sold” conditions are (eventually) followed by rallies. This is not to say a market can’t become temporarily more “over-sold” but the probabilities have shifted toward rally instead of decline.

People have written about out-of-control and unpayable debt extensively. Since currency is created as debt, and most or all governments around the world run deficits and perpetually increase their debt, it is the basis of our current financial system. A quick review:

Year              National Debt           Average Silver Price

                     (Official)                     (From

1913               $3 Billion                             $0.58

1971               $398 Billion                          $1.39

2014               $17,700 Billion                     $20.07

Do you believe that politician salaries, military spending, and national debt will continue increasing? So do I! Consequently I believe that consumer price inflation is alive and well, and that we should expect a much higher cost of living in the next few years. In the long-term, I believe the prices for gold and silver will increase even more rapidly.

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Silver at ‘Bargain Levels’ – But the question is… can you spot a bargain when it doesn’t have a blue light flashing on it?

Today is an important day for gold as the International board of the Shanghai Gold Exchange is opened ahead of schedule. As we have highlights in earlier ‘Market Morning’ this we feel will precede the shift of ‘pricing power’ to China.

We also feel it will considerably reduce the ability of New York and London to pull the gold price back as the dollar strengthens and allow gold to reflect demand and supply interaction more accurately.  The silver price is at bargain levels for industry now.

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IMF warns of ‘excessive risk taking,’ in stock prices – The International Monetary Fund has become the latest group to warn on risk taking and equity valuations, as prices in “virtually all major asset classes” now look stretched, the fund said.

Following in the footsteps of the Federal Reserve and the Organization for Economic Cooperation and Development, the IMF said pricey valuations coupled with flat volatility are now a cause for concern.

The warning comes days after the OECD issued a similar word of concern to markets, stressing that current bullishness in markets appeared “at odds” with the “intensification of several significant risks.”

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Finally, People are waking up out of their slumber

Trust in Mass Media Returns to All-Time Low – WASHINGTON, D.C. — After registering slightly higher trust last year, Americans’ confidence in the media’s ability to report “the news fully, accurately, and fairly” has returned to its previous all-time low of 40%.

Americans’ trust in mass media has generally been edging downward from higher levels in the late 1990s and the early 2000s.

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Global Leaders Lying About The State Of The Economy, As Gold Is On Sale – Last week, gold came under selling pressure as prices fell below certain key technical levels triggering sell-stop orders which caused prices to fall to the $1230 an ounce handle in relatively thin volumes. By the end of the week, the price of the yellow metal settled at $1228.30 per ounce.

The recent price drop can be attributed to traders on Comex who have a bearish view on gold due to the current U.S. dollar strength. And, the strength in the greenback has nothing to do with a vibrant economy and instead has everything to do with the weakness in the euro and the yen as economies in Europe and Japan plunge.

Geopolitical tensions have now also become a distant second to central bank policies and the latest economic news. And, almost all the articles as well as radio and TV interviews about the gold market have nothing positive to say.

Meanwhile, as long as the markets continue to believe that the world, specifically the US, is in full economic recovery and higher interest rates are just around the corner, gold will remain under pressure. Personally, I think the downside is limited and we are getting close to a bottom of this cycle.

My message here is that while you have many reasons to sell your gold, don’t. Gold is now on sale, and everyone wants to buy valuable assets when they’re cheap. Bullion’s current dip is a golden opportunity to buy low in order to sell high later.

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Super-Rich Rush to Buy ‘Italian Job’ Style Gold Bars – The super-rich are looking to protect their wealth through buying record numbers of “Italian job” style gold bars, according to bullion experts.

The number of 12.5kg gold bars being bought by wealthy customers has increased 243pc so far this year, when compared to the same period last year, said Rob Halliday-Stein founder of BullionByPost.

“These gold bars are usually stored in the vaults of central banks and are the same ones you see in the film ‘The Italian Job’,” added David Cousins, bullion executive from London based ATS Bullion.

The bars which are made from pure gold and are worth more than £300,000 each at today’s prices of $1,223 (£760) an ounce.

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SILVER MARKET UPDATE – With Clive Maund. Bearing in mind what is written in the introductory paragraphs of the Gold Market update, which is equally applicable to silver, we will start by observing that silver appears to be on the point of turning up.

On its long-term 15-year chart we can see that silver is at an excellent point to begin a massive upleg, as it is currently in a zone of strong support after its 3-year long reaction and just above its major long-term uptrend line. If the next major upleg takes it to the top of the giant uptrend shown, we are looking at it rising to about $100 an ounce.

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The Death Of The Indian Gold Market Has Been Greatly Exaggerated – Gold Demand In India Triples As China Launches Global Gold Bourse – In India, gold demand rises during the festival season from a monthly average of 40-50 tonnes to over 60 tonnes a month. As usual, there is expected to be a pick-up in gold demand this year ahead of the five day festival centered around Diwali.

Diwali is on October 23 but the five day festival really begins with Dhanteras, the first day of Diwali on October 21 and ends with the last day called Bhai Dooj on October 25.

The wedding season is also approaching and this peaks in November and December. Gold is given as gifts and dowries during the wedding season and also acts as a source of demand for jewelry.

Indian buying has remained strong throughout the period of weakening prices and the period of artificial demand constraints imposed by the Indian financial authorities.

Developments in the Asian precious metals markets are continuing to advance at a rapid pace. The pace of developments changes daily as illustrated by the acceleration this week of the Shanghai Gold Exchange’s international board.

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Gold Tumbles To 2014 Lows As China Unveils Anti-Rigging Benchmark – With a Fed hinting at exit strategies, gold has tumbled to 2014 lows (and almost in the red year-to-date) as traders apparently forget Japan, China, and European central banks continue to (or are set to) print more money into the global reflation trade.

It appears that as the West continues to sell ‘paper’ gold, the East remains enamnored as the PBOC announced this morning:




Furthermore, traders have noted physical buying interest continues in the Asian region as premiums rise in China and India. As Bloomberg reports, PBOC’s Zhou says Chinese gold market is crucial:

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Also read…

‘The future for gold is physical’ – Watch closely as Shanghai launches what is set to be the world’s largest physical gold exchange.

“The growth of the Shanghai Gold Exchange to become the world’s largest physical gold exchange provides compelling evidence that the future for gold is physical.

As the market shifts from west to east, the expansion of strong gold trading hubs in Asia will improve price discovery, liquidity, transparency and efficiency; all of which will transform the landscape of the global gold market. As a major global market, this will enable China to take its rightful place in the world gold market.

“The development of the International Board, opening up the Chinese market to global investors is a significant first step towards the internationalisation of China’s gold market which already accounts for 30 per cent of global demand.”

Read More Here