Turk - Corrective Action in Gold is Prelude to Bullish Explosion

Fri, 3 Feb 2012 15:48:30 -0500

With gold trading roughly $35 lower, silver down nearly $1, today King World News interviewed James Turk out of Spain. Turk told King World News that this corrective action in gold and silver is healthy and a prelude to a major bullish move to the upside. Here is what Turk had to say about money on the sidelines and where gold and silver are headed: “Sooner or later that money is going to realize the train is pulling away from the station. Whether this money comes in next week or the week after, I do very much like this trading action. I’m very bullish here short-term on gold and silver, it looks very, very good.”

Richard Russell - Watch Gold, 2012 Fated to be a Monster Year

Fri, 3 Feb 2012 11:49:01 -0500

With gold and silver consolidating recent gains, the Godfather of newsletter writers, Richard Russell, had this to say in his latest commentary: “Actually, the stock market is acting as though something momentous and frightening is out there. The roof of a monster top is building. Gold keeps creeping higher. The Dow is fluctuating around the 12700 area, not surging above it or falling decisively below it.”

Louise Yamada - Gold & Silver Closing in on Bullish Breakouts

Fri, 3 Feb 2012 00:02:32 -0500

With gold breaking above $1,750 level and silver over $34, today King World News is pleased to share with readers a piece of legendary technical analyst Louise Yamada’s “Technical Perspectives” report. This information is not available to the public and we are grateful to Louise for sharing her incredible work with KWN readers globally.

Rob Arnott - The Coming Inflation is Going to Destroy Fortunes

Thu, 2 Feb 2012 15:33:29 -0500

Today 5 time Graham & Dodd Award Winner, Rob Arnott, told King World News the policies of central planners are literally destroying the poor and the middle class and he described the situation as “horrifying” and “tragic.” Arnott oversees more than $80 billion as Founder & Chairman of Research Affiliates. Here is what Arnott had to say about the situation: “We have a concerted effort in Japan, in the US and in the eurozone to micromanage the economy and to replace the powerful discipline of the invisible hand of the private market system with central command and control and that’s very, very dangerous.”

Peter Schiff - Gold Headed Higher as Dollar to Continue Plunge

Thu, 2 Feb 2012 12:10:21 -0500

With gold breaking above $1,750 and silver at $34, today King World News interviewed Peter Schiff, CEO of Europacific Capital. Schiff talked with KWN about gold, the dollar and mining shares and more. But first we asked Schiff about the recent Fed announcement. Here is what Schiff had to say about the Fed: “It’s more reckless monetary policy by the Fed, but what else do you expect? It’s amazing they thought their pledge to keep interest rates at zero until mid-2013, wasn’t enough. Somehow we needed an extra year. It shows you the Fed understands just how weak the US economy is and how much it needs the artificial prop of zero percent interest rates.”

Eveillard - Central Banks & Investors Crush Gold Technicals

Thu, 2 Feb 2012 00:10:06 -0500

Today legendary value investor, Jean-Marie Eveillard told King World News central banks and investors have been overwhelming technicals in the gold market. But first, Eveillard, who oversees $50 billion at First Eagle Funds, had this to say about the bond market, “This is another instance of the Fed printing money like there is no tomorrow. The Fed is obviously not very optimistic about the economy. The Fed, the Bank of England and other central banks have been printing money now for several years. The strange thing is investors in government bonds in the UK and the US don’t seem to be worried about it.”

John Gray - Here is What is Needed for a Market Top

Wed, 1 Feb 2012 16:41:48 -0500

With continued volatility in global stock markets, today King World News interviewed 32 year veteran, John Gray, from Investors Intelligence. When asked what he is seeing in terms of sentiment readings and where he believes markets are headed, Gray responded, “The stock market action has been very strong in January and on a short-term basis we’ve gotten overbought. The indexes have stalled as they are approaching their early 2011 levels and that’s been major resistance that’s been holding them back for a couple of months.”

Greyerz - Alf Field Calls for $158 Silver & Swiss Look to Gold

Wed, 1 Feb 2012 12:36:07 -0500

Today Egon von Greyerz told King World News he received an email from his good friend Alf Field predicting silver would move quickly to the $158 level. Von Greyerz also discussed the initiative in Switzerland to get the Swiss franc backed by 20% gold. Egon von Greyerz is founder and managing partner at Matterhorn Asset Management out of Switzerland. Here is what von Greyerz had to say about Alf Field’s call for $158 silver: “Eric, overnight I received an email from my good friend in Australia, Alf Field. To his amazement he found the silver chart, from an Elliott point of view, runs in parallel to the gold chart. His count is now very clear that silver will, in the next move reach $158.”

Caesar Bryan - Tidal Wave of Gold Buying as Confidence Lost

Wed, 1 Feb 2012 00:01:38 -0500

Today King World News interviewed 25 year veteran Caesar Bryan, manager of the Gabelli Gold Fund. Gabelli & Company has $31.3 billion under management and has been around for 34 years. Caesar Bryan has managed the gold fund since its inception in 1994. Caesar had this to say regarding a loss of confidence in the system: “When I started managing gold equities in 1987, gold was in the process of being demonetized. By that I mean central banks were selling. That’s changed. After a long and painful experience, central banks are now adding to gold. With the ‘Great Moderation’ over, people are now beginning to question the money. This is really a very serious situation. Confidence is hard to get and easy to lose, and I hope the authorities are aware of that.”

Leeb - Silver to Break $100 This Year & Gold Bull on the Move

Tue, 31 Jan 2012 15:45:19 -0500

With gold and silver off to an incredibly strong start for 2012, today King World News interviewed acclaimed money manager Stephen Leeb, Chairman & Chief Investment Officer of Leeb Capital Management. Leeb surprised KWN by predicting that silver will hit $100 this year. But first, here is what Leeb had to say about Bill Fleckenstein’s comments on KWN earlier today about the public coming into the gold market: “I think (Bill) Fleckenstein is totally correct. The kind of environment he’s talking about is the one I alluded to a little bit earlier, namely the 1970s, where we did have this kind of stagflation. In the mid 70s we had very high inflation, a recession, etc., yeah, that’s exactly the kind of environment we are headed for.”

Fleckenstein - Get Ready, Public to Enter Gold & Silver Markets

Tue, 31 Jan 2012 12:16:39 -0500

Safely back from the dangerous activity of heli-skiing, today Bill Fleckenstein, President of Fleckenstein Capital, told King World News a whole new buyer is going to enter the gold and silver markets. But first, here is what Fleckenstein had to say about the European mess and what he is hearing from one of his reliable sources: “He and others, that are knowledgeable, think it (the bailout) could be as big as say $1 trillion. I don’t know any reason why it can’t be and if it is, then the ECB’s balance sheet would have doubled in a few months. So the Germans can say there not printing money because they have plausible deniability because the repo’s only for three years. It is money printing and it hasn’t really been perceived as such.”

Rick Rule - Gold, Silver, Takeovers & 2,000% Gains

Tue, 31 Jan 2012 00:02:30 -0500

With continued volatility in gold, silver and global stock markets, today King World News interviewed Rick Rule, Founder of Global Resource Investments and one of the most street smart pros in the resource sector. KWN reached out to Rick, who is currently in New Zealand, to find out what his thoughts were on how investors can make money in 2012. First, here is what Rule had to say about the action in gold and silver: “I continue to believe that when rational people are confronted with the choice between owning dollars or euros or owning gold, increasingly people are owning gold. I continue to believe the intermediate and longer-term move in the gold price is higher. I think the gold price, in US dollar terms, moves inexorably higher.”