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!

Another Shock Drop Is Coming.. And It’s Coming Soon

October 23, 2014 10:28 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!

There is a lot of information today, so lets get to it…

Saxobank CIO Warns “Another Shock Drop Is Coming.. And It’s Coming Soon” – Saxo Bank’s Chief Economist Steen Jakobsen is predicting another ‘shock drop’ in the markets within a few weeks. With debt and low inflation continuing to create a nervous atmosphere behind most markets, Steen argues that we will hit fresh lows in mid-November.

Steen takes the view that central bank policy is creating a ‘fantasy land’ for investors and he points out that the recent ‘day dive’ in markets was a closer reflection of reality. Steen outlines his suggestions for trading ahead of another dip in mid November with targets for the S&P 500 around 1810 and the Dax at 8000 – 7800.

Be long fixed income as it is “a free put on the equity market.. and the economic cycle is not yet ready to adapt to a rising interest rate.”

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Hedge Funds get Hit – Unable to See TIME – “Rich Man’s Panic of 2014″-The rumors we were reporting on the street about the Hedge Funds appear to be true. They have been unable to see time as so often the case and have been hit with the worst losses in Industry’s history since 2011. This may indeed contribute to what we see with the postponement of the Phase Transition being set in motion with the rush into bonds.

This is turning out to be the “Rich Man’s Panic of 2014″ that has produced a bloodbath among many hedge funds who often trade-off of just opinion interspersed with fundamentals. This is shaping up to be perhaps the industry’s worst loss since late 2011 when then as well they could not see the change in trend.

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19 Very Surprising Facts About The Messed Up State Of The U.S. Economy – Barack Obama and the Federal Reserve are lying to you.  The “economic recovery” that we all keep hearing about is mostly just a mirage.

The percentage of Americans that are employed has barely budged since the depths of the last recession, the labor force participation rate is at a 36 year low, the overall rate of homeownership is the lowest that it has been in nearly 20 years and approximately 49 percent of all Americans are financially dependent on the government at this point.

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Also, don’t miss these links of interest…

Kyle Bass: Fed tapers to zero next week

Kyle Bass predicts more macro volatility

Now, with all of this going on, some of you still haven’t called and asked your questions about the “other hard asset” that has an impeccable track record of appreciation – outside the volatile financial system…

Just because you may not understand them to the degree that you should, doesn’t mean you turn a blind eye to them. That’s why I send you the facts from third party sources such as Bloomberg, Fox Business News, Christie’s and Sotheby’s –  and that’s why I am here for you 7 days a week from 9am-9pm.

Similar to what you do know, (gold & silver) these precious gems are an alternate way to keep some of your wealth outside the financial system and put it where it belongs… In your pocket!

Remember friends, according to Christies & Sotheby’s… Rare Fancy Color Diamonds have seen a 10-15% appreciation each year for the past 40 years since record keeping began in the 1970’s!

Click on the picture below to revisit the report I sent 2 weeks ago and at least watch the 3 videos so as you know that you’ve done your due-diligence…

They are extremely impressive!


Now onto the breaking news that matters….

Total Silver Investment May Increase By One Billion Ounces Over the Next Decade – Investors are likely to increase their net silver purchases in the years ahead, largely due to an ongoing weak global economy, for capital preservation and silver’s pedigree as a leading industrial metal, according to a report released today by the Silver Institute.

The report, entitled “Silver Investment Demand,” suggests that investors may accumulate as much as one billion additional ounces of silver in various investment instruments over the next decade. This is on top of the more than 860 million ounces of silver purchased as an investment since 2006.

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Swiss Gold Initiative 30 November 2014 – The Gold Initiative Gives Us the Opportunity to End & Break the Delusion of Fiat Money, Thus Unsecured Paper Money

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Silver and Gold have only one way to go, UP!! As debt instruments decay – Still, the only place where one can save his/her purchasing power is within the Precious Metals arena. So keep the complexities coming and as usual, hold those Precious Metals outside the system, keep them close and as always … Stay Strong!!

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NOW Is the Time to Jump Aboard the Gold & Silver Train! Here’s Why – The smart money has been moving into precious metals during dips in recent months as many view the sector as one of the last places to find real value given that stocks, bonds, real estate, and nearly every other asset class, has been inflated to lofty levels by the FED’s easy money policies since 2009.

I believe we are witnessing one of the last great buying opportunities in precious metals. When prices start moving higher again, there will be little time to jump aboard the train. The downside risk at this juncture pales in comparison to the upside potential.

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Chinese and Indian gold buyers back in market in a big way – What has been particularly strange about the gold market over the past two years is that the stronger the physical demand appearing for gold, the weaker the gold price has tended to get.

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Russia Adds A Record 1.2 Million Ounces Gold To Its Reserves – Total Russian gold reserves now stand at 37,000,000 ounces, or 1049 tonnes. The following chart, courtesy Sharelynx, shows the increase of Russian gold reserves over the last 8 years.

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The GLD Trust Is Being Drained – On March 24 this year, GLD was reporting 821 tones.  Since then, 70 tones have been removed.  Most of it has been removed since late August.  It’ s no coincidence that the drain in gold from GLD happens to coincide with the strongest seasonal period of the year for Chinese and Indian gold buying.

Recent reports suggest that India imported 131 tones of gold in September.  This number would not include the large amount of gold being smuggled into India.    The Russian Central Bank released its gold holdings thru September, which showed it added 1.2 million ounces – or roughly 34 tones.  This was the largest monthly addition to its gold holdings ever reported.

And the most recent data from China show that, since returning from the observance of a national holiday, the Chinese demand for gold in the 2 days prior to the holiday shutdown and the 3 days after re-opening was over 66 tones.

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