Wednesday, June 26, 2013

Is the Silver Price Finally Bottoming Out?


Over a year ago, I penned an article entitled "4 Silver Investments to Avoid." About two weeks later, on April 26th, I wrote another article: "Should I Sell My Silver?" saying that I expected an imminent correction in the silver price, after it had gone "parabolic."
It caused quite a stir at the time. There was no shortage of people calling me delusional for suggesting the bull market in silver was overdue for a pause. Some even labeled me a "traitor," presumably to the "hard money" movement.
One of the silver companies I recommended to NOT buy immediately contacted me after the article was published, insisting there was nothing to worry about, and that their stock was a great investment.
For the record, since then, the price of silver is down 35.2% (based on the London PM fix). And of the four silver investments I said to avoid:
1. The iShares Silver Trust (SLV) is down 33.3%.
2. Large silver bars have obviously gone down commensurately with spot silver.
3. Shares in Silvercorp Metals (SVM) are down a WHOPPING 61.5%.
4. And shares in Coeur d'Alene (CDE) are off by 50.8%.
Not pretty.
 read more : http://www.dailyreckoning.com.au/is-the-silver-price-finally-bottoming-out/2012/06/27/

MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Charles High Smith--Acquire New Skills Or Become A Mover 24.Jun.13




www.FinancialSurvivalNetwork.com presents
Charles Hugh Smith and I discussed the increasing knowledge gap in America. If you aren't in a position to make connecitons and network with people who can help you get ahead, then you must increase you skill set. In previous eras you could only acquire those skills in college. Now, however, you can find them on the internet in numerous places. In fact, a college degree could be completely worthless, whereas an online course could be your ticket to great success.
Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets

Chris Casey ~ Taper - a Source of Feeble Light

Episode 135: Alasdair Macleod interviews Chris Casey, Managing Director at WindRock Wealth Management (http://windrockwealth.com). Given the recent gyrations in all asset classes, Alasdair asks Chris for his opinion on why this is happening, and the taper or not to taper debate that is taking place at the Fed and in the media.

Chris voices concern about the possible advent of inflation even though it is not generally expected and why it may be understated presently. The two men then discuss runaway US deficits and how this will affect markets.

Alasdair then turns the discussion to silver and asks Chris how he views the market and the current conditions with regards to industrial use versus demand and supply.

DAILY NEWS ON BOOZE