Dear Friends, December, 2018

Size: px

Start display at page:

Download "Dear Friends, December, 2018"

Samuel Snow
5 years ago
Views:

Dear Friends, December, 2018 This will be our final letter for the year. So much has happened. Since our last writing our country had another election.

1 Dear Friends, December, 2018 This will be our final letter for the year. So much has happened. Since our last writing our country had another election. Our family voted about three weeks early so missed the crowds instead of work. Many of you have said was the biggest turnout at the polls that they have ever seen. What does this mean for metals in the near future? Around election times, as a rule the metals markets are depressed in an effort to keep the dollar up and everything looking optimistic. We think most of you believe as we do that the metals markets have been manipulated for decades. Could it be that the scoundrels are finally being caught? Let s hope manipulating becomes very unattractive to them. Tuesday, Nov. 6, 2018 The United States Department of Justice released this: Former JP Morgan Trader Pleads Guilty to Manipulating U.S. Metals Markets for Years. Former Precious Metals Trader Pleads Guilty to Commodities Fraud and Spoofing Conspiracy A former precious metals trader at a United States bank (Bank) pleaded guilty in a proceeding unsealed yesterday to commodities fraud and a spoofing conspiracy in connection with his participation in fraudulent and deceptive trading activity in the precious metals futures contracts markets. Assistant Attorney General Brian A. Benczkowski of the Justice Department s Criminal Division, U.S. Attorney John H. Durham of the District of Connecticut and Assistant Director in Charge William F. Sweeney Jr. of the FBI s New York Field Office made the announcement. John Edmonds, 36, of Brooklyn, New York, pleaded guilty under seal on Oct. 9 in the District of Connecticut to an information charging him with one count of commodities fraud and one count of conspiracy to commit wire fraud, commodities fraud, 1

2 commodities price manipulation and spoofing. Sentencing is scheduled for Dec. 19 before U.S. District Judge Robert N. Chatigny of the District of Connecticut. For years, John Edmonds engaged in a sophisticated scheme to manipulate the market for precious metals futures contracts for his own gain by placing orders that were never intended to be executed, said Assistant Attorney General Benczkowski. The Criminal Division is committed to prosecuting those who undermine the investing public s trust in the integrity of our commodities markets through spoofing or any other illegal conduct. This defendant was involved in manipulating the precious metals commodity markets for several years, and I thank the FBI for its diligent investigation of this matter and its commitment to hold accountable those who use technology to their advantage to cheat these markets. said U.S. Attorney Durham. The investigation of deceptive trading practices by others involved in this scheme is ongoing. "With his guilty plea, Edmonds admitted he intended to introduce materially false and misleading information into the commodities markets, said FBI Assistant Director in Charge Sweeney. By conspiring with his trading partners to place spoof orders, he blatantly attempted to profit off of an unfair market that he helped create. The FBI will continue to work with our partners to insure financial markets remain a level playing field for all investors." ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ This is the Holidays and I d rather not dwell on politics or bad guys. With less than a month left before Christmas let s get on with our recommendations. If you have put off buying your gifts of Gold, Silver or Platinum, don t delay a minute longer! The closer we get to the end of the year the slower the mail gets. If you have are too late to have your order shipped in time to go under the tree we suggest a card letting the recipient know what you have ordered and it will be there soon. The U.S mint has seen an increase in orders of Silver Eagles the first week of December after a relatively low volume November. RECOMMENDATIONS For those of you who know it s time to get some physical precious metals but aren t quite sure which are the best choices, or how to start, we will break down the whole process to fit your own psychology and thinking process. In both Gold and Silver we show you how to position yourself in this market according to what you think is best for you. We have put the entire thing into three categories. Don t worry; with our connections we will always be able to find the right things at the right price. Here are some of the products we like to recommend. 2

GOLD Every month we like to recommend items in this market in three categories.

Don t let others tell you what would be best for you if it doesn t fit your own philosophy.

S, Austria, Canada, Australia, and South Africa. Of course there are also gold bars to choose from as well.

3 GOLD Every month we like to recommend items in this market in three categories. The first being insurance, the second being insurance, with a kicker and the third being that of speculation. Don t let others tell you what would be best for you if it doesn t fit your own philosophy. In the first category of gold, the insurance play, we recommend The one ounce, ½ oz, ¼ oz and 1/10oz Gold coins from The U.S, Austria, Canada, Australia, and South Africa. Of course there are also gold bars to choose from as well. Another consideration would be British Sovereign coins which have nearly 1/4oz pure gold content or the 20 Franc gold coins which are slightly smaller. Please call us for availability and price. If insurance gold is what you are looking for, acquire what is available in the gold bullion products and do it now. Gold bullion coins MORE SILVER BULLION 90% Silver pre1965 US Coins One ounce Silver Rounds, Coins or bars 3

1oz, 5oz 10oz and 100oz Silver Bars The second category we call INSURANCE WITH A KICKER.

might have a good potential for what we call premium expansion, supply and demand.

Many investors love these coins and consider them private bullion with an historical bonus as well as a great way to

4 1oz, 5oz 10oz and 100oz Silver Bars The second category we call INSURANCE WITH A KICKER. These are the type of gold and silver coins that have high bullion content and a fairly small collector premium. Older U.S. gold and silver coins that could increase in value with the metals prices but also because they are no longer minted might have a good potential for what we call premium expansion, supply and demand. At this time these are selling at very historically low premiums. Many investors love these coins and consider them private bullion with an historical bonus as well as a great way to pass on their wealth to their loved ones. In this category, we have always liked the lightly circulated older U.S. gold coins. They don t make them anymore. Their premiums are still low, historically speaking, but we don t think they will be this price, much longer. We like the following coins: Peace or Morgan U.S Silver Dollars Pre 1934 U.S Gold Coins 4

The third category is the one we call SP

gold or silver coins that already have a good sized premium, with the possibility of very large returns. Again, this is speculation.

This third category of coins has been virtually ignored for the past 6 years by most investors.

However, the numismatic markets are slowly heating up and the coins shows and conventions are once again sparking excitement.

Gold coins in Mint State condition which have been third party graded by PCGS or NGC.

5 The third category is the one we call SPECULATION. In the speculative category are the higher graded and rarer old U.S. gold or silver coins that already have a good sized premium, with the possibility of very large returns. Again, this is speculation. Sometimes they can bring huge returns and sometimes they won t. That s why it s called speculation. This third category of coins has been virtually ignored for the past 6 years by most investors. Numismatics are now selling at some of the lowest premiums we ve seen in decades. However, the numismatic markets are slowly heating up and the coins shows and conventions are once again sparking excitement. If you have an interest in picking up some beautiful U.S. Gold coins in Mint State condition which have been third party graded by PCGS or NGC., this could be the best time to get in at the best prices.. Remember, we also buy and sell Platinum and Palladium coins and bullion. If you are interested in a Precious Metals IRA, buying or selling precious metals or just have some questions just call us We promise to do our very best for you! PLATINUM Silver is not the only ridiculously undervalued precious metal available! Platinum spot price is now about $450 under gold! There are several coins or bars to choose from including these beauties! 5

6 We hope each of you have a Very Merry Christmas and Holiday Season! We will be announcing some exciting news VERY soon! Please like us on Face book and make sure you and your friends are signed up for our newsletter on our webpage! Thank you again for your business, your friendship and your referrals. We look forward to hearing from you soon! All the best to each of you and God bless you all! During the miraculous time that is Christmas may you see with the eyes of a child, experience the wonder of love, and truly enjoy all that the season has to offer and a joy filled healthy and prosperous New Year! Linda Gorman and the RCI family Resource Consultants, Inc

Dear Friends, January 2018

Dear Friends, January 2018 Precious metals were largely ignored last year with gold prices only rising about 8% compared to the 22% gain in the Dow. When you add to that the tremendous crypto currency