Comex Silver Manipulation, Food Stamps Hit Record, & Mining Updates
FutureMoneyTrends Newsletter
If you are having trouble viewing this message, please go to http://community.icontact.com/p/futuremoneytrends/newsletters/trends/posts/comex-silver-manipulation-food-stamps-hit-record-mining-updates Comex Manipulation The CME has announced three margin increases for silver in the past week. We find this to be absolutely ridiculous and an open attack on the silver market.
An increase in margins mean investors will have to put larger sums to hold positions, which of course will inevitably force many investors to liquidate positions causing a sell off and downward pressure on the silver price. Doing three margin increases in such a short time period is unheard of! Once again, short term volatility is not from market fundamentals, but from outside groups changing the rules in the middle of the game.
FutureMoneyTrends.com believes this manipulation by the CME Group has created a physical buying opportunity. Even though silver could still go down from outside market forces, we believe in the end the price suppression works in our favor since holding silver down is like trying to swim to the bottom of the ocean with a very large beach ball between your hands. Eventually, we are going to see the silver market explode to the upside.
Junior Mining Yesterday, it was reported Sprott Asset Management sold $35 million worth of their silver ETF PSLV. Most assumed this was bearish for silver, but this couldn`t be further from the truth. When asked about the sale, Sprott said, “every dollar of my money that was raised by selling shares of PSLV was reinvested in silver or silver equities.” With silver more than doubling in the past year, Sprott made note of the fact that “silver shares have not done as well, which is almost shocking in a way.” Obviously, the staff at FutureMoneyTrends.com couldn`t agree more. However, we believe silver mining shares should only be considered after you have a comfortable position in physical precious metals. What is a comfortable amount To each his own. That number may be 100 oz for some, while for others it may be 10,000 oz. But, either way we always say physical first, and if you don`t understand the stock market, just stick with what you do know.
Mining Profile Updates Canuc Resources (TSX: CDA) just released some news which can be viewed by using this link, [1]CDA news. CDA continues to be a very active gold exploration mining company. Any member who has not seen our previous profile of CDA should visit it today. CDA should begin to cash flow very soon with their MidTex Oil and Gas acquisition expected to be announced very soon. For our most recent review of CDA, [2]please click here.
Andover Ventures (TSX: AOX & OTC: AOVTF) was recently profiled by Fundamental Research Corp who gave them a BUY rating and a fair value price target of $1.09. A fair value price that is 66% higher than their current price. AOX has the potential to be one of our biggest winners for 2011, soon they will become a gold producer and attract a lot of attention. They have an aggressive work program this summer for their massive Alaskan SUN project and Rio Tinto has approved more funding for their joint venture in Utah. Just remember, you heard about AOX on [3]FutureMoneyTrends.com FIRST! For our latest review of AOX, [4]please click here.
FutureMoneyTrends.com Educational Mini-Documentary This week [5]FutureMoneyTrends.com will release our next viral video that focuses on our current economic situation. Once released, please share with your friends, family, and favorite blogs. It is important now more than ever to share the truth about the current economic future we face.
Just this morning it was announced that Food Stamp recipients hit a NEW RECORD, 44.2 million people are now relying on the government for food. That is one hell of a bread line if you ask us.
Of course the chart of the day is Tim Geithner`s strong dollar policy.
Interesting, it`s the exact opposite of the Dow Jones. We wonder if Tim Geithner meant to say he believes in a strong Dow policy and that he could care less about the 44.2 million people requesting help with rising food costs. As noted in our last email update, food costs now account for 15% of consumer spending, up 2.8% since the official recession ended. By the way, we just filled up with regular gasoline and our total bill for 18 gallons was $76! Focus on the trends, share our emails with friends and family.
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FutureMoneyTrends.com stock profiles are intended to be stock ideas, NOT recommendations. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this profile was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. The purpose of this advertisement, like any advertising, is to provide coverage and awareness for the company. Never invest into a stock we discuss unless you are prepared to lose your entire investment.
Past performance is not an indicator of future returns. The information provided in this advertisement is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country. Everything stated in FutureMoneyTrends.com emails are based on our opinion. Never base any decision off of our website or emails. FutureMoneyTrends.com has been hired by Canuc Resources for investor relations services. We have been compensated thirty thousand dollars for this service. FutureMoneyTrends.com has been hired by Andover Ventures for investor relations services. We have been compensated a total of fifty thousand dollars from Andover Ventures for this service.
FutureMoneyTrends.com staff currently owns fifteen thousand seven hundred and fifty shares of Andover Ventures which were purchased on the open market, we will not sell a single share for the entire year of 2011. Please use our site as a place to get ideas. Enjoy our videos and news analysis, but never make an investment decision off of anything we say. Please review our [9]full disclaimer.
References 1. http://finance.yahoo.com/news/Underground-sampling-cnw-685233350.htmlx=0&.v=1 2. http://futuremoneytrends.com/cda.html 3. http://futuremoneytrends.com/aox.html 4. http://futuremoneytrends.com/aox.html 5. http://FutureMoneyTrends.com/
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