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Precious Metals Market Update

(Audio/Transcript) Tom Cloud weighs in on why silver could gain 10%+ in 2014…

Gold still looks solid on technical charts. It is up 9% for the year even after the 6% pull back of the last few days. Gold is having a great first quarter.

The 15% average we’ve seen in gold for the last 13 years should be well surpassed in the next three years. We already see gold up 12% in 2014, and we’re not even to the end of the first quarter.

Here is the latest dispatch from Precious Metals Advisor, Tom Cloud…

The U.S. Dollar has gone from 86 to below 80 while gold, silver, palladium, and platinum are all up 8% or more for the year so far.

Gold has already gone from $1207 to $1267 year-to-date, providing more than a 5% gain in just a little over a month. I certainly expect to see much higher prices going forward.

You can easily understand why gold took a 28% dive last year when you’ve got a hundred people thinking they own gold when only one of them truly does, and that person has that gold in their possession.

We’ve said many times that once the dollar breaks down to 78 from the 81 it is right now in the world market, that’s pretty much when we think the game is over, and that’s when gold accelerates above $2000, and then goes on up to much, much higher numbers than that.

The next move for gold, we think, will be 8 times up, which will put it around $10,000.

Gold and silver need to slowly build their foundations back over the next few months to get an all out buy signal based on technical analysis.

The Indian government dropped the gold tax from 10% to 6%, which will put a flurry of new buyers into the gold market.

I am seeing a lot of silver interest now with the price back above $20.

Thumbnail image for Tapering Talk Hurts Gold

Tapering Talk Hurts Gold

by Tom Cloud on December 5, 2013 · 0 comments

The markets, as you know, have been going down, and we’re hoping for a bottom some time this week or in the next two weeks as the shorts expire in two weeks on the 19th.

We could have gold back over $1300 before the end of the year. Things are shaping up for a tremendous year for gold and silver in 2014.

If gold dips below its support level of $1,269, we could see it as low as $1200.

“I’m expecting no cut in quantitative easing anytime in the near future, no matter what they say. I’m actually expecting for more quantitative easing.”

Many people are thinking this could be the beginning of the end for America, and we’ve certainly seen some major, major things going on around the world.

“I think China has really picked up the pace of their plans to remove the dollar as the reserve currency of the world and replace it with the Yuan.”

This country has followed the policies of Japan, and we’re seeing how dreadful they are.

The so-called government shutdown sent gold down $44 on Tuesday.

We do notice that central banks in Russia and China are continuing to accumulate physical gold as fast as they can.

I’m very optimistic about the remainder of the year for gold, silver, platinum and palladium.

There’s so much going on and a lot of it is deception.

We certainly know that any action in Syria or Russian and Iranian involvement, will cause gold to go up dramatically. But for today, we’re seeing metals sell off as people feel there’s not an eminent strike in sight.

The goal is to get out of paper money because there is not any good ending that could possibly come from paper money in the near future.

Besides gold and silver, top precious metals expert reveals his current investment holdings.

We’re heading into an explosive fall season. We expect both gold and silver to go up substantially like they have the past three weeks.

People better watch out for what’s going on in Japan and how it’s going to translate here.

The supply of gold only increased 1.8% during 2012, while the U.S. money supply went up 22%. You cannot keep doing this without serious consequences.

Through pure deception and dishonesty, Jack Lew, the head of the US Treasury, claims the government has been able to balance the budget for four months. But at the same time, Bernanke has completed $53 million in new treasury purchases.

Some people call this week the most important “data week” of the year. Here’s what precious metals investors should be watching.

Today is a very important day for metals, as Fed Chairman Ben Bernanke testifies before Congress during a two-day hearing.

The biggest fundamental issue impacting the price of gold this week is the shocking purchasing information coming out of China.

BUY ALERT: Tom Cloud gives six reasons why its time to buy platinum bullion now.

I have been buying gold for years and am viewing this most recent pull back as another great buying opportunity.

Exactly how much gold is there in the world? And how much is all of the gold in the world worth?

Want to learn the fundamentals of precious metals investing? Watch this free online investing tutorial on investing in gold, silver, palladium, platinum, and even diamonds.

Many timing services are indicating that gold and silver are breaking out. We expect both metals to move much higher by the end of the year.

Listen as Jerry Robinson explains why the Petrodollar system has created a need for perpetual war by the United States. This is an eye-opening radio show! Don’t miss it!

Where are gold and silver prices heading next? In this week’s Precious Metals Market Update segment, precious metals advisor Tom Cloud will be here to help us sort out the madness in the financial markets.

On this week’s program, a shocking jobs report release and another rough week on Wall Street continues to cause more uncertainty among investors. In this week’s special guest interview, we welcome back veteran money manager and financial commentator, Paul Nolte. Paul and Jerry will discuss what lies ahead for stocks, energy, precious metals, as well as the U.S. Dollar and the Euro.

In this week’s Precious Metals Market Update segment, precious metals advisor Tom Cloud will be here to help us sort out the madness in the financial markets.

In this week’s Precious Metals Market Update segment, precious metals advisor Tom Cloud will be here to help us sort out the madness in the financial markets.

In this week’s Precious Metals Market Update segment, precious metals advisor Tom Cloud will be here to help us sort out the madness in the financial markets.

In this week’s Precious Metals Market Update segment, precious metals advisor Tom Cloud will be here to help us sort out the madness in the markets.

In this week’s Precious Metals Market Update segment with precious metals advisor, Tom Cloud, learn what’s happening in the precious metals markets and what lies ahead for gold, silver, and palladium.

In this week’s Precious Metals Market Update segment with precious metals advisor, Tom Cloud, learn what’s happening in the precious metals markets and what lies ahead for gold, silver, and palladium.

In this week’s Precious Metals Market Update segment with precious metals advisor, Tom Cloud, learn what’s happening in the precious metals markets and what lies ahead for gold, silver, and palladium.

This Week’s Topic: What Lies Ahead in 2011 and How Hyperinflation Will Happen. This week’s special guest interview: Gonzalo Lira. Follow the Money Weekly Radio is a financial radio show about the stock markets, commodities, energy investing, the global financial crisis, how to prepare for the coming hyperinflation, where to invest money, how to buy gold, how to buy silver, saving money, finding a financial advisor, and paying off debt. Hosted by economist and best-selling author, Jerry Robinson. For the best in financial news, listen to the Follow the Money Weekly Financial Radio Show.