Author Archive: King World News

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The “New” Silver Fix and the Powers That Be

The “New” Silver Fix and the Powers That Be

Effective mid-month August 2014, the old silver “fix” has been replaced by a new silver “fix,” run jointly by the CME Group, owner of the COMEX, and Thomson Reuters. But has anything of real substance changed? It certainly has not.

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Paul Brodsky: We Are Now Beginning The Last Wave Of Gold’s Major Uptrend

| September 14, 2012 | Articles: Experts Talk

On the heels of the Fed announcing QE3, and the gold market surging higher, today King World News wanted to speak with the firm that is calling for $10,000 gold.  Paul Brodsky, who co-founded QB Asset Management Company, had this to say about what what the Fed and other central planners are doing:  “What I’ve noticed about today’s move is that the Fed embarked on more QE, but without any pretense, it seems, of economic stimulation.  I think this is something that investors, economists and others should take note of.” Paul Brodsky continues: “It may be ‘crossing the Rubicon’ if you will, from the thinking that the Fed might be able […]

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Stephen Leeb: $150 Silver and an Ocean of Paper Money to Flood the System

| September 12, 2012 | Articles: Experts Talk

Today acclaimed money manager Stephen Leeb told King World News, “There is no doubt that the Fed is going to print hundreds of billions of additional dollars.”  Leeb also said, “They (the Fed) will have created multiple trillions of dollars and it won’t stop.”  Leeb also said that in this environment, “… silver is easily going to $150.” But first, here is what Leeb had to say about the situation in Europe: “I think the German high court decision was expected.  It won’t have any effect on Europe’s ability to reflate.  Bond purchases will take place, and Europeans now recognize they are all interrelated.  If something happens to any of those […]

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Stephen Leeb: Bernanke, Europe, China & The Surge In Gold & Silver

| September 1, 2012 | Articles: Experts Talk

Today acclaimed money manager Stephen Leeb told King World News that he expects the Fed will in fact ease at their September meeting.  Leeb also discussed the strong move in gold and silver, but first, here is what Leeb had to say regarding Bernanke and the Fed: “I think what investors clearly wanted to hear from Bernanke is that he’s ready to ease on monetary policy, and that he’s ready to open the floodgates again.  That, combined with a much more docile Merkel, and news today that China’s copper demand might be a lot stronger than people think, and you really had a trifecta here today.” Stephen Leeb continues: “The Bernanke story […]

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Robert Fitzwilson: How To Survive The Coming Chaotic & Catastrophic Markets

Today 40 year veteran, Robert Fitzwilson, wrote the following piece exclusively for King World News.  Fitzwilson, who is founder of The Portola Group, put together a fascinating piece which covers which covers, “… which (asset) class performed the task of wealth preservation that we all hope to achieve in these chaotic and potentially catastrophic markets.” “Our last report dealt with the characteristics of a bubble as seen through a technology stock, Cisco, and the sentiment surrounding the choice of that asset.  We thought it would be even more interesting to revisit the issue across a broad array of asset classes during the period from 1978 to 1980. Continue reading on King […]

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Eric Sprott: We Are Staring At Chaos & Collapse In Front Of Us

Today billionaire Eric Sprott spoke with King World News about one of his frightening predictions, “I always postulated that the financial system would go bankrupt, and it has, save for one thing, it got bailed out.”  Sprott, who is Chairman of Sprott Asset Management, also added, “But I don’t think the central planners have a winning hand here.  They’re not going to win.” Sprott then warned, “God knows when we get there (to the end of the current system) what we are all staring at.” But first, here is what he had to say about the last decade:  “When I reflect back over the decade, I think I can come almost […]

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John Embry: Gold To Spike As Physical Market Is Shockingly Tight

Today John Embry, who is Chief Investment Strategist of Sprott Asset Management, spoke with King World News about the shockingly tight physical gold market.  He also discussed Europe, the United States, stocks and silver.  Here is what he had to say:  “The US stock market has been levitating over 13,000 for a bit, and I was struck by an article in the NY Times which featured Jack Bogle, who started Vanguard Funds.  Jack said, ‘It’s urgent that people wake up because this is the worst time for investors that he’s ever seen, and he’s been in the business for more than 60 years.” John Embry continues: “When you put what he said […]

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Peter Schiff: Gold & The Perfect Storm That Will Lead To Collapse

Today Peter Schiff spoke with King World News about what he described as “The perfect storm.” Schiff also discussed gold, the Fed, mining shares, and much more.  But first, here is what he had to say about mainstream fund managers and gold: “I think that what’s going on is that most mainstream investors, who invest other people’s money, see gold as a bubble and are waiting for it to burst.  People think the price of gold is going to go down.  They think the Fed is done easing.” Peter Schiff continues: “Everybody is waiting for the other shoe to drop for the price of gold.  If you look at the price of gold […]

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James Turk: Gold Is In Backwardation & About To Rocket Higher

Today James Turk told King World News that gold is now in backwardation and about to rocket higher. Turk also warned, “The bottom line is we are in a fiat currency bubble.  Eventually this bubble is going to pop because we are using this fiat currency, backed by nothing, not just in one country, but throughout the world.”   Here is what Turk had to say:  “This is exactly the kind of action I had been hoping for, Eric.  When had the KWN blog interview on Wednesday, I had mentioned that we probably missed the last chance to buy gold at $1,580, and silver under $27.” James Turk continues: “The way the […]

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James Turk: Gold To Explode Higher As US Debt To Be Downgraded

On the heels of the Fed decision and continued volatility in gold and silver, today King World News interviewed James Turk out of Europe. Turk stunned KWN  by saying that US debt is about to be downgraded once again.  Turk also warned, “The reality is the Fed is losing control,” and the Fed is now being “overwhelmed.”  He went on to say that all of this means right now we are going to see an “upside explosion” in both gold and silver. Here is what Turk had to say:  “The Federal Reserve has made another announcement, Eric, and each one of their proclamations makes it more obvious that the Fed is no longer […]

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Dan Norcini: If This Happens It Will Devastate The Gold Shorts

Today acclaimed commodity trader Dan Norcini told King World News, “Once you had the 50 day moving average in gold violated to the upside, then you had a much larger wave of short covering which began to occur.” Norcini also said, “The momentum crowd, that was waiting for $1,600 to be breached, then took over and the move has continued to feed on itself.” Norcini also discussed a key level which “… is where you will really see the shorts panic.” But first, here is what he had to say about the recent action in gold: “The move in gold we have been seeing was precipitated by an article which […]

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Peter Schiff: Gold Just Broke Out & Is Now Off To The Races

Today Peter Schiff told King World News that “Gold has now broken out of a channel.  There was a very nice trendline and we just broke out of that today.”  He also said, “Now that we have broken out of that channel, there is a lot of room to the upside.”  Schiff discussed the Fed, mining shares, and key levels in the gold market, but first, here is what he had to say about today’s comments out of Europe by Draghi: “Draghi is just saying he’s going to print as many euros as he has to.  That’s what people are interpreting here is him saying, ‘We are not going to let countries […]

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Gerald Celente: Gold & The Greatest Bank Robbery In History

With gold surging nearly $30, today top trends forecaster Gerald Celente gave King World News readers and listeners an exclusive sneak peek into his upcoming Summer Trends Journal.  Celente is the founder of Trends Research, and the man many consider to be the top trends forecaster in the world.  When asked about one of his headlines in the upcoming Summer Trends Journal titled, ‘The Greatest Bank Robbery In World History,’ Celente stated, “It’s very clear, the banks are doing the robbing.  They are the bank robbers.  It’s the greatest heist in world history, and the banks are doing the robbing.” Gerald Celente continues: “If you give a man a gun, he can […]

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London Trader: The LBMA Gold Price Fixing Scheme Is Over

With many global investors still concerned about the recent price action in gold and silver, today King World News interviewed the “London Trader” to get his take on these markets.  The source told KWN that “… the LBMA’s price fixing scheme is coming to an end.”  The source also said that because of this, the eventual “move in gold and silver will literally frighten most people.” Here is what the source had to say:  “It is now beginning to be discussed, openly, that the unallocated gold is not at the banks.  This is definitely the case with many of the allocated accounts as well.  The reason I’m pointing this out is you have […]

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