Jim Sinclair - Expect Another $17 Trillion of QE & War in Gold

Fri, 13 Apr 2012 01:50:36 -0400

On the heels of the Fed members commenting publicly, legendary trader and investor, Jim Sinclair, told King World News that even though we have already seen $17 trillion of money printing, we should expect another $17 trillion going forward. KWN also asked Sinclair how he knew, from the beginning, that there would be ‘QE to infinity,’ before anyone else. But first, here is what Sinclair had to say about the action in gold: “$1,650 is a comfortable number (for central planners). Haven’t you seen the tremendous jawboning and market intervention to hold gold in that range at $1,650? $1,764 and they lose control. That begins the move which is exponential.”

John Mauldin - Europe is Destroying Their Currency

Fri, 13 Apr 2012 00:01:49 -0400

With renewed fears of Europe becoming a systemic risk to the global banking system, today King World News interviewed John Mauldin, President of Millennium Wave Securities. Mauldin spoke candidly with KWN about the crisis, how much has been printed and what to expect going forward: “$7 or $8 trillion (in printing) is probably where we are, but whatever the number is, it’s significant. Will Europe have to print a great deal more? The answer is absolutely. What’s that number? We don’t know. We don’t know for two reasons.”

Rick Rule - The Most Spectacular Opportunity in Ten Years

Thu, 12 Apr 2012 12:43:25 -0400

Today King World News interviewed one of the wealthiest and most street-smart pros in the business, Rick Rule. Rule is founder of Global Resource Investments, which is now part of the $10 billion strong Sprott Asset Management. KWN reached out to Rick to find out how investors can position themselves in 2012 to make the big money going forward. Rule laid out exactly what investors need to do to capture huge returns going forward. Here is what he had to say: “This could be an absolutely epic year in private placements, Eric. Our competition for the last ten years has been the small institutions and they have bid absolutely stupid prices for equity.”

Richard Russell - Crime, Chaos, Collapse & Skyrocketing Gold

Thu, 12 Apr 2012 12:07:19 -0400

With continued turmoil in global markets, the Godfather of newsletter writers, Richard Russell, issued some ominous warnings and gave some strong advice to investors in his latest commentary: “Save some cash, load up with gold and silver, and be patient. Get ready for a crime wave -- a large segment of the population will do ‘whatever it has to’ in order to obtain food. Hungry men and women can be desperate and lawless.”

John Gray - This is Dangerous, Here is What Big Money is Doing

Thu, 12 Apr 2012 12:01:39 -0400

With investors as well as professionals wondering whether the global markets have peaked, today King World News interviewed 33 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, “A week ago we were looking at the difference between the bulls and the bears as having just exceeded 30%. This is a dangerous level, even though the overall number of bulls had not quite reached the 55% level, which we normally use to mark a top.”

Norcini - Take That Gold Shorts as Massive Bids Shock Market

Wed, 11 Apr 2012 00:02:52 -0400

Today legendary Jim Sinclair’s chartist, Dan Norcini, told King World News that fresh gold shorts suffered large losses in yesterday’s trading. Norcini said massive bids came into the market as gold crossed $1,640, volume spiked and the shorts were squeezed. Norcini stated the buying which came into the market was intense, and caught many market participants off guard. Here is how Norcini described the gold shorts getting mauled: “The move in gold seemingly came out of nowhere yesterday. Gold had been down earlier in the session when a huge bid came into gold at the $1,640 level and that took out the shorts at $1,645.”

Turk: Gold Shorts in Retreat, Currency Destruction Guaranteed

Tue, 10 Apr 2012 12:39:20 -0400

With gold trading at $1,660 and silver attempting to rally back to $32, today King World News interviewed James Turk out of Europe. Turk told King World News that the shorts have not been able to break the gold and silver markets. Turk also said the current trend guarantees destruction of the currencies. Here is what Turk had to say about the situation: “It has been a rough couple of weeks, Eric. That is not unusual over a holiday period, like the 4-day weekend here in Europe. Liquidity usually dries up during these periods, so short-term volatility can often be the result. And we have seen that in both the precious metals, with gold again testing support at $1650. Silver is testing support under $32.”

Von Greyerz - Chinese Imports of Gold are Massive Right Now

Tue, 10 Apr 2012 12:06:27 -0400

Today Egon von Greyerz told King World News that although Italian banks are currently under attack, pressure will make its way into Portugal and eventually the UK as well. Egon von Greyerz is founder and managing partner at Matterhorn Asset Management out of Switzerland. Von Greyerz also said he is seeing large money flows into gold, and over in Asia, Chinese imports of gold are “massive.” But first, here is what Greyerz had to say about the action in gold: “We are going sideways at these levels, but I’m still of the opinion the next move, in coming weeks, will be to the upside. The news flow that is coming out every day continues to reinforce our position.”

Embry - The Powers That Be Would Love to See Gold Collapse

Mon, 9 Apr 2012 13:59:41 -0400

With gold near the $1,650 level and silver close to $32, today King World News interviewed John Embry, Chief Investment Strategist of the $10 billion strong Sprott Asset Management. Embry told KWN there will be a massive selloff in the stock market, but, over time, quality stocks will represent stores of value because of the Weimar effect. He also discussed gold, silver and the mining shares. But first, here is what Embry had to say about stocks selling off and the bigger picture as he sees it: “I have a very strong view on this. Ultimately, as we go through QE to infinity and inflation really starts to accelerate, stocks will wind up being a repository of savings, just as they were in the Weimar Republic.”

John Williams - Unemployment Rate at a Staggering 22.2%

Mon, 9 Apr 2012 11:57:06 -0400

John Williams, of Shadowstats, notes that manipulated government statistics are not changing the fact that the true SGS Unemployment Measure now sits at a staggering 22.2%. Williams also demonstrates that despite the hype from Wall Street about a recovery, parts of the economy remain collapsed. Here is what Williams had to say about the situation: “Adding the SGS estimate of excluded long-term discouraged workers back into the total unemployed and labor force, unemployment—more in line with common experience as estimated by the SGS-Alternate Unemployment Measure—notched lower to 22.2% in March from 22.4% in February.”

London Trader - Fed’s Global War Against Gold Escalating

Thu, 5 Apr 2012 15:45:37 -0400

With many global investors still rattled by the price action of gold and silver, today King World News interviewed the “London Trader” to get his take on these markets. Here is what the source had to say: “Gold was trashed on Monday, while the Fed minutes essentially said nothing. When a central bank coordinates that kind of attack, it’s war, of course it’s war. This type of action is coordinated by Bernanke and the Fed and executed by the bullion banks. It’s actually laughable if anyone thinks that was a legitimate selloff, on what was, in reality, no news.”

Chris Whalen - We Have Panic Right Now & Flight Into Gold

Wed, 18 Jan 2012 15:01:37 -0500

With gold and silver on the move, and growing concerns about the health of the banking system on both sides of the Atlantic, today King World News interviewed Chris Whalen, from Tangent Capital. When asked about the record demand for gold and panic in Europe, Whalen stated, “Well they should be. We have paralysis, in terms of fiscal policies, as you know. Most of the EU governments are still not willing or able to engage on the more fundamental issue of money or budgetary constraints within the member countries. So, by definition, you raise the issue is this currency any good? Are we going to be using this currency a year from now?”