Silver Investor: This Week's Economic Update

Published: Sat, 10/01/11

Hello ,

What's Inside:

October 2011 Morgan Report Posted
Time Is Running Out - Special Event
Article of the Week
Shootout at the OK Corral
Audio of the Week
Are you taking steps to preserve your wealth?

October 2011 Morgan Report Posted

Both gold and silver had massive sell offs this month and many are questioning their beliefs held about the precious metals just a few weeks prior to this decline. The global economic picture is far from clear and yet most base metals and many commodities are down for the year. We examined three main questions in this month's report...

Is the bull market over?
Will this be a short-term or long-term event?
What is the best action to take under the current conditions?

There is a case made the the entire bull market for the gold and silver markets have been reached, and we examine this thinking. Many in the sector think this is a short lived event, we have a different opinion. And finally we look at the past to project into the future suggesting what we have learned that kept us in the game when many before us had given up.

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David Morgan

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Time Is Running Out

Special Event Kicking off the Silver Summit!!!
An Evening with David Morgan

Sponsored by:

Wednesday, October 19th at the Davenport
Cocktails at 6:00pm
Dinner at 7:00pm

Join David Morgan as he sits down with Robert Fuhrmann to discuss the myths, misconceptions and the facts about the futures markets.

This event will be of interest to anyone who is currently or seriously considering trading futures or trading metals through a bullion dealer.

The cost of this unique opportunity is $200.00 per person.

However, this event is FREE if you open and fund a qualifying account with http://www.myfuturesonline.com by October 7th.

Call 888-942-7829 or 312-726-0700 to register and reserve your place.
Space is limited so call today.

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Article of the Week

Utah Sound Money Conference

I was interviewed on the Fox Business Channel regarding the Utah Legal Coin Act in early June 2011. Here is a little background and some interview questions.

For the first time since 1971, gold and silver are once again considered legal tender in at least one part of the United States. The State of Utah passed the "Utah Legal Tender Act," which "recognizes gold and silver coins that are issued by the federal government as legal tender in the state and exempts the exchange of the coins from certain types of state tax liability."

The law, signed by Governor Gary Herbert on March 25, is a voluntary system that provides an alternative to the fiat-based Federal Reserve notes that are created out of thin air in unprecedented proportions.

The most significant change from a practical perspective is that the Utah's state tax code now considers gold and silver coins issued by the U.S. Mint as currency rather than an asset, which means since it is considered money it cannot be taxed. However, federal taxes still apply on these transactions.

Read the rest of article here...

http://www.silver-investor.com/blog/silver-market-update/utah-sound-money-conference/

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Shootout at the OK Corral

GATA's Bill Murphy, CPM Group's Jeff Christian, to face off at Silver Summit 2011

Wallace, Idaho - In a Silver Summit version of "Shootout at the OK Corral," CPM Group's Jeffrey Christian and Gold Anti-Trust Action Committee's Bill Murphy will square off mano-a-mano 1:30 p.m. Friday, Oct. 21 on whether or not precious metals prices are rigged. Business News Network anchor Andrew Bell will moderate.

Murphy and Christian hold diametrically opposed views on the matter. Murphy and the Gold Anti-Trust Action Committee (GATA) assert that certain banks and large trading houses deliberately manipulate gold and silver prices to the downside, while CPM's Christian holds that precious metals prices are reflective of free-market realities.

"We have seen Jeff and Bill trade barbs across forums and over the internet, but they've never faced each other one-on-one in a moderated debate," said Silver Summit Director Shauna Hillman. "This will be an exciting, standing-room-only event for folks attending Silver Summit 2011."

Silver Summit 2011 is slated for Oct. 20 and 21 at the Davenport Hotel in Spokane, Wash. A presentation of Cambridge House International, the Silver Summit is regarded as the world's premiere silver conference, attended by people from throughout Europe, Asia, Australia, and North, Central and South America. Some 70 silver exploration and mining companies will be represented. Panelists will include: Eric Sprott, Sprott Asset Management; Peter Spina, Goldseek.com; David Morgan, the Morgan Report; Jeff Berwick, the Dollar Vigilante; Louis James, Casey Research; Roger Wiegand, Trader Tracks; Al Korelin, Korelin Economics Report; James West, the Midas Report; Bix Weir, the Road to Roota; John Kaiser, the Bottom Fish Report; Dr. Michael Berry, Morning Notes, and; Greg McCoach, the Mining Speculator.

Wall Street legend and award-winning winemaker Gordon Holmes will address the invitation-only Silver Baron's Banquet Thursday evening at the Davenport.

This year's Silver Summit will again feature optional underground tours of the Lucky Friday, Galena, and New Jersey mines, and a visit to the Sunshine Silver Refinery on Wednesday Oct. 19.

Registration details and a full Silver Summit agenda may be had by visiting Cambridge House International's website. For assistance with registration or to enquire about a mine visit, please contact Shauna Hillman at the Silver Summit U.S. office in Wallace, Idaho at 208.556.1621

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Audio of the Week

Here is the link to David's interview on the weekend edition of The Korelin Economics Report

http://www.kereport.com/wp-content/uploads/1001-1-4.mp3

David Morgan Panic Report

http://bit.ly/oPjHA2

This Week in Money

http://talkdigitalnetwork.com/2011/10/week-money-35/

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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. Stone Investment Group is not and does not profess to be a professional investment advisor, and strongly encourages all readers to consult with their own personal financial advisors, attorneys, and accountants before making any investment decision. Stone Investment Group and/or independent consultants or members of their families may have a position in the securities mentioned. Mr. Morgan does consult on a paid basis both with private investors and various companies. Investing and speculation are inherently risky and should not be undertaken without professional advice. By your act of reading this independent market research letter, you fully and explicitly agree that Stone Investment Group will not be held liable or responsible for any decisions you make regarding any information discussed herein.

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