Quote of the Week/Commentary:
Earlier this week, Mark Slavo reported on an interview conducted with the CEO of Future Majestic Silver Corp, Kieth Neumeyer. In it, Mr. Neumeyer proposed a brilliant way to put an end to the blatant manipulation of the gold and silver market. If all of the mining companies in the world agreed to halt production for a single 30-day period, it would “send ripples throughout the entire system”.
It would show the phony paper market who’s really in charge. With the price of 800 million ounces of physical silver being controlled by 1 billion ounces of paper stocks, a challenge like this could make stock prices tumble while the price of real silver goes through the roof. He suggested that they agree upon a month sometime in 2015. I’d be willing to bet that the anticipation of that event, would make silver prices go ballistic long before that month arrives.
Of course, even if Mr. Neumeyer doesn’t have his way, there’s a long list of events on the horizon that could push gold and silver back into the spotlight There’s so many factors that are converging at once, that if only a few them come to fruition, we can expect gold and silver to be making some serious gains by the end of this year.
Another challenge to metals market may be coming down the pike by the end of this month. In Switzerland, a referendum is being planned for November 30th, that could bring about the first gold-backed currency in decades. Currently, polls show that support for the bill has a very narrow lead, so we’ll see what happens in the next few weeks. If it passes, Switzerland will hold 20 percent of its reserves in gold, demand the return of all its gold being held overseas, and will cease selling gold to the rest of the world. -Joshua Krause/Activist Post
Headlines and Links of Interest (The headline is the hyperlink):
The Morgan Report (TMR) If you are a Member – or intend to become one – now is a great opportunity to gain access to our content-rich website here
The November issue of The Morgan Report is now available. In this month's Editorial, David Morgan takes a look at the recently-concluded Silver Summit Conference in Spokane, WA, as well as the upcoming Swiss vote (Nov 30) on whether or not to “bring back the gold” in order to 20% backstop the Swiss Franc. He also offers his considered opinion regarding a popular Chinese gold coin which offers not only “bling” but potentially some extra “zing” in the profit department, as well as a tidbit regarding a company working on “a (new) developing technology that could make a significant difference in the exploration world.”
You will also get David’s update about one of TMR’s Asset Allocation “laggards” which is in the process of acquiring a silver property that – over the longer term - could have profound implications for both the company and its shareholders.
See how to use “Triage” to maintain and build your portfolio during severe downturns, so that you can “keep the survivors” in play for when the next bull market up leg gets going. We also discuss how a study of key reversal technical analysis can help spot a potential sector bottom – then if it turns out to be a false signal, how to play it on a limited risk-reward basis.
Finally, be sure to read this month’s unusually informative, Letters to the Editor.
When you sign up here you will be able to enter the Members Only section, which means that you gain access to exclusive TMR content, such as Special Reports, on-site mining company video interviews, and our mining company videos.
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Information contained herein has been obtained from sources believed to be reliable, but there is no guarantee as to completeness or accuracy. Because individual investment objectives vary, this Summary should not be construed as advice to meet the particular needs of the reader. Any opinions expressed herein are statements of our judgment as of this date and are subject to change without notice. Any action taken as a result of reading this independent market research is solely the responsibility of the reader.
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