From: "Wealth Daily" <wd-eletter@angelnexus.com>
Date: Aug 6, 2011 1:22 AM
Subject: $200 Silver as COMEX Faces Default
To: <arshadtan@gmail.com>
 | ||
| $200 Silver as COMEX Faces Default By Greg McCoach | Friday, August 5th, 2011 There wasn't time to proofread this letter. So I'm sure you'll find scores of grammatical errors in it. But there are more important matters at hand right now than checking homonyms... You're financial future and security — no, your very livelihood is at risk as I type this. Watching the Dow tank yesterday was like taking a sucker punch from Mike Tyson after eating raw pork. And the kicker is, we predicted it would tumble months' ago. It was one of those forecasts that you KNOW is coming, but you pray and pray that, somehow, you're wrong. It's the same exact feeling we've had with earlier slumps over the past few years with the dot-coms... the housing crisis... the banking meltdowns... and now the dollar itself. We were their to warn you well in advance. And we showed you how to protect yourself every step of the way, while millions of investors had to completely start over! Please. I don't want to say "I told you so" anymore. Mark my words: This global selloff is just the beginning. It's going to continue, until the markets bottom out at a realistic level — so low, I dare not type it — or the Fed starts pumping more money into the financial system, artificially driving up prices and destroying the dollar like it's been doing for years. Just ask yourself: Do want to sit on the sidelines and hear "I told you so" one more time? So what can you do? There's no way around it. Silver, gold, and other precious metals are on a complete rampage. They're taking this market volatility and they're not looking back. In fact, as the dollar continued its plunge, over the past several months, one gold stock that you NEED to add to your portfolio's been making every investor that picks up shares extremely wealthy... In fact, unlike the DOW, it's up 57% within the past year. Now, there's a lot more to this stock than a crashing U.S. economy. In fact, it's positioned on top of one of the largest gold deposits on earth. But I wouldn't do it justice to try to fit it all in right here. I do, however, have an entire report — available to you right now — called "My #1 Yukon Gold Stock For 2011." It's your's — FREE — the moment you sign on for a free trial to Underground Profits, available to you here. Once you sign up, simply click on the "Reports" section and "My #1 Yukon Gold Stock For 2011" will be right at the top of the list. Plus you'll have full access to several other wealth-building reports — all geared toward protecting you from any further harm the Fed or politicians in D.C. can muster. You'll also have instant access to one of the best precious metals portfolios in the entire world! And the best part is, if you decide the service isn't for you, simply cancel and you get to keep "My #1 Yukon Gold Stock For 2011" — no questions asked! Simply click here for the full details. Now, on with the show. Brian Hicks, Publisher Close your browser... shut down your computer... and go buy silver! The price of silver pulled back 8% yesterday afternoon, carving out a phenomenal investment opportunity for you right now.
At last look, spot silver stands at $39.21 an ounce. But the window to own silver below $40/oz will be open only for a short time, because silver prices are headed for an explosive breakout. Silver will rebound to $60 an ounce following this correction on surging demand — and then quite possibly to $150-$200 an ounce amid growing concerns that the COMEX itself could default over critically low physical warehouse inventories. That means today's investors in the physical metal could still be looking at a +400% gain... And shareholders of carefully-selected, quality silver mining stocks will do even better. Advertisement Chinese Researcher Delivers Death Knell to Fossil Fuels At a recent investment conference, Henry Chiang revealed a massive energy breakthrough. What he described is about to make coal and oil obsolete. If you want to know what the suits in the audience learned that day, I urge you to take a look at this presentation. While gold continues to claim the media spotlight, silver investors will be cut the biggest paychecks. You see, there's one thing they never tell you about gold: 95% of all the gold that has ever been produced is still around in one form or another in coins, bars, artifacts, and jewelry. In fact the same gold that was mined in Egypt 8,000 years ago could be in a piece of jewelry you own today. Gold has been historically priced ten to twenty times more than silver. So the reclamation of silver is not a priority as it is with gold... The universal and intrinsic value of gold ensures the yellow metal is saved and recycled to be used in different applications throughout time. But silver is different. Silver disappears from the market over time; 95% of the silver that has ever been mined has already been consumed by industrial use. That silver is gone forever — unrecoverable at any price.
In 1950, there were 10 billion ounces of available silver above ground. By 1980, that number shrank to 3.5 billion ounces. Today that figure has fallen to about 700 million ounces of above-ground, refined silver. Above-Ground World Silver Resources The limited availability of physical silver for the industrial markets alone is enough to rebound prices to another record, past $60 an ounce. There are about 300 million ounces of physical silver in private hands around the world. The ETFs hold another 350 million. And that's just about it. COMEX physical supplies are running critically low — so low, in fact, the exchange is actually faced with a default. There are now less than 30 million ounces of physical silver held at COMEX warehouses. These silver-starved warehouses could prove to be the catalyst that propels the price of silver past $150 an ounce in the near term. Advertisement "Too-Good-To-Be-True" Silver Investment is Back A couple months ago, I outlined a unique way for you to collect 10 ounces of silver for FREE... Well, to put it simply, we had to shut the offer down after a short time due to a mad rush of folks who understood just how lucrative this opportunity was. I wasn't planning on ever opening this offer again, but thanks to my special silver connection, I'm currently able to accept a handful of more folks. Supply is extremely limited. And this time — once the silver is gone — I can promise you this offer will be off the table for good. Major COMEX Physical Silver Shortage Continues Physical COMEX inventories of silver are now down to 27 million ounces. That's more than a 35% decrease since April — and down 48% in the last twelve months.
With so little inventory, it's likely that nine out of ten COMEX traders do not have their silver contracts backed by stockpiles of the physical metal. And at this point, COMEX itself could default if as few as 5,000 contracts stood for delivery. But the chances of COMEX actually defaulting are slim. Bear Sterns, AIG, Freddie Mac, Fannie Mae, Ford, GM, CitiGroup, Bank of America — all of these companies were bailed out by the U.S. government... There's simply no way COMEX, the world's largest physical commodity futures exchange, is going to be allowed to go underwater. Not gonna happen. Still, fears of a default will bubble as more investors realize the scarcity of silver relative to the paper that is representing it. Something will have to be done. Unfortunately for the government, they don't have the physical silver resources anymore to cover a default on physical COMEX inventories. The Feds sold off the country's silver reserves decades ago, and the U.S. government's current stockpile is currently reported simply as "None." If it comes down to it, the government will have to buy massive amounts of silver in the open market to supply COMEX with the bullion to cover contracts. This would lead to explosion in silver prices straight into triple-digit territory — past $150 an ounce, and I think even testing the $200/oz level. We will see the price of silver rise to these levels in very short order. So don't hesitate. Buy silver today. Good Investing, Greg McCoach | ||
| Related Articles Silver to Soar as the Gold to Silver Ratio StabilizesTop Silver Companies Increasing Production in 2011 Silver is Now Rarer than Gold Top 3 Pure Silver Stocks for the Rest of 2011 Wealth Daily Blogs
Economic Releases for the week of Monday, August 8th, 2011: Aug 09 - Productivity Aug 11 - Trade Balance Aug 12 - Michigan Sentiment Aug 12 - Business Inventories Aug 10 - Treasury Budget Aug 11 - Initial Claims Aug 12 - Retail Sales Aug 09 - FOMC Rate Decision You May Also Enjoy...This Chart Pattern Is Impossible to Ignore2011-08-03 - Steve Christ Four Stocks That Are Going Up 2011-08-01 - Christian A. DeHaemer Wealth Daily's Weekend Edition 2011-07-30 - Steve Christ Affordable, Desirable, Fun 2011-07-29 - Luke Burgess The Safest Places to Invest Now 2011-07-28 - Ian Cooper | ||
| You can manage your subscription and get our privacy policy here. Wealth Daily, Copyright © 2011, Angel Publishing LLC, P.O. Box 84905, Phoenix, AZ 85071. All rights reserved. No statement or expression of opinion, or any other matter herein, directly or indirectly, is an offer or the solicitation of an offer to buy or sell the securities or financial instruments mentioned. While we believe the sources of information to be reliable, we in no way represent or guarantee the accuracy of the statements made herein. Wealth Daily does not provide individual investment counseling, act as an investment advisor, or individually advocate the purchase or sale of any security or investment. The publisher, editors and consultants of Angel Publishing may actively trade in the investments discussed in this newsletter. They may have substantial positions in the securities recommended and may increase or decrease such positions without notice. Neither the publisher nor the editors are registered investment advisors. Subscribers should not view this publication as offering personalized legal or investment counseling. Investments recommended in this publication should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company in question. Unauthorized reproduction of this newsletter or its contents by Xerography, facsimile, or any other means is illegal and punishable by law. Please note: It is not our intention to send email to anyone who doesn't want it. If you're not sure why you're getting this e-letter, or no longer wish to receive it, get more info here, including our privacy policy and information on how to manage your subscription. |
No comments:
Post a Comment