My name is Shawn Ozbun, and our goal is to keep you up to date with what’s going on in the world of Gold and Silver by providing you with current news and precious metals pricing.
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Now before I get into today’s topics, lets take a quick look at the precious metals pricing.
Gold - $1373.63 down $3.17
Silver - $23.22 down $0.03
Platinum - $1516.50 down $10.00
Palladium - $755.50 down $7.50
Gold & Silver To Skyrocket As Stocks Begin Historic Collapse
On the heels of recent strength in gold and silver, today a 58-year market veteran warned King World News that global stock markets are now poised for a breathtaking collapse. Ron Rosen, who has been at this business for almost six decades, also told KWN that gold and silver will skyrocket as the markets begin this historic collapse.
Rosen: “I’m focused on three things right now -- gold, silver, and the stock market averages. The stock averages are at a point where they are ready to collapse. I expect at least a 66% decline on the Dow and the S&P 500. But this will simultaneously be accompanied by a huge move up in both gold and silver....
We are in the very early stages of a major turning point for both gold, silver and the stock markets. The move in gold and silver will be quite dramatic to the upside. I expect new all-time highs by the first quarter of next year. At the same time, we will be witnessing a collapsing stock market.
This collapse that I am expecting in stocks will be quite dramatic, and the depth of the decline will frighten most markets participants because they will not expect such a severe collapse. This will be a repeat of the past to some degree, and this final decline will take stocks back to a main trendline that goes all the way back to 1982.
But this is not going to be the end of the world. When this decline is over, we are going to see another major bullish phase in the stock market averages which will last for many years. This final advance will mark the end of a fifth wave that goes all they way back to 1913 and the creation of the Federal Reserve. At the bottom of this coming collapse in global equities I expect that there will be some type of monetary reorganization. We are not facing the end of the world, but it will seem like it as the stock averages collapse and gold skyrockets.
This next advance in gold, which will take place against the backdrop of a collapsing stock market, will take the price of gold to somewhere between $2,300 and $3,000. Silver’s advance will be even more spectacular. The price of silver should surge to roughly $150 an ounce. Silver will be making new all-time highs along with gold early next year. Read More....
Silver Manipulation Quiz - ANSWERS!
Which monetary metal is the MOST manipulated on a daily basis by the banking cabal?
ANSWER: b) Silver
The reason silver is the most manipulated is because it is the smallest in dollar value, largest in industrial importance and unbelievably scare. Although gold is the most famous "monetary metal" silver is just as much a monetary metal if not much more. Silver is also an indispensable industrial metal used in everything from flat screen TV's to cell phones. Silver is being pulled from all sides and will soon break free from the banking cabal that controls it on a daily basis with computer programs.
Once silver is cut free from the banking cabal there will be no doubts that silver is a very important monetary metal...if not the MOST important.
The definition of the "US Dollar" as first defined in the Coinage Act of 1792 is equal to:
ANSWER: b) Three hundred and seventy-one grains and four sixteenth parts of a grain of pure, standard silver.
What is the real Silver to Gold ratio in above ground supplies?
ANSWER: c) 1-1 (same amount of silver as gold)
There is an estimated 5B oz of gold above ground and 5B oz of silver. The funny thing about this odd fact is that very few people dispute it! Gold is trading for over 50x the price of silver and yet they are both "monetary metals". Not only that but silver is also a vital industrial metal with new applications being discovered almost daily
According to the USGS at current consumption rates how many years of silver supply are left in the ground?
ANSWER a) 16 years
The USGS estimates that there is 540,000 tons of remaining silver reserves in the ground or 17.3B oz.
The current annual consumption rate is around 1.1B oz and increasing as the economic expansion continues, new applications get introduced and investors discover that the price of silver has been manipulated for decades.
Of course, the USGS numbers are WRONG because they are involved in the manipulation scam as well but so are the annual consumption estimates. I estimate that the annual consumption rate for physical silver from INVESTORS ONLY is over 1 Billion oz per year!
How long has the CFTC had an open investigation into the manipulation of the COMEX silver market?
ANSWER: d) over 48 months
Why aren't there as many reports of fake silver coins as there are of fake gold coins?
ANSWER: c)Silver coins are too cheap
One of the side benefits of the long term manipulation of silver has been that because the price is held so low there has not been a problem with fake silver coins like there is with gold. This will change when silver is cut loose from the bonds of manipulation. Read More...
For the best source for acquiring gold and silver please contact Silvertowne at 1-877-477- Coin, that’s 1-877-477-2646 or you can visit us at www.silvertowne.com. Silvertowne has been a trusted precious metals and numismatics dealer since 1949.
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[Disclaimer] Shawn Ozbun is not a licensed financial adviser, there is risk associated with all investment including gold and silver. You should seek advise from a licensed financial expert before making a purchase.
