Posts Categorized: King World News

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Dear CIGAs,

With continuing tensions in Ukraine, today James Turk spoke with King World News what is happening around the world, including a historic event in the gold market.  Turk also compared the manipulation taking place in the gold market to what happened when the manipulators of the British pound were taken down by Soros.

Turk:  “As important as the Ukraine is to propel the price of gold higher, last week there was an even more important development.  Bloomberg reported that the gold price is being manipulated, which followed shortly on the heels of a similar report in London’s Financial Times.  Any report like this in the mainstream media is a big deal, but to have it reported twice is indeed an important development….

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Posted by & filed under King World News.

Dear CIGAs,

Today former US Treasury official, Dr. Paul Craig Roberts, warned King World News that despite Western mainstream propaganda, the situation in Ukraine is now more dangerous than the Cuban Missile Crisis.  This is another one of Dr. Roberts’ most important interviews in history because for the second time he is openly warning Washington to stop its aggressive actions against the Russians in their own backyard.  Below is what Dr. Roberts had to say in this remarkable interview.

Eric King:  “We now have the Western mainstream media propaganda machine trying to convince people that everything is fine in Ukraine.  They have stocks soaring today and there is pressure on gold as part of the show. Propaganda aside, what is really happening with the situation in Ukraine and Crimea, Dr. Roberts?”

Dr. Roberts:  “It could be that Washington comes to its senses.  On the other hand, it’s embarrassed.  Washington has lost control and it looks as though the southern and eastern provinces are demanding to go back to ‘Mother Russia.’  This isn’t something the Russians have fomented — It’s the people there.

So there is a great danger here because to the threats that U.S. Secretary of State John Kerry made to Russia, the Russian foreign minister replied, ‘These are unacceptable.’….

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Dear CIGAs,

Today the man who ran the first QE program for the Fed told King World News that he owns gold and warned of coming inflation.  This was the former Fed member who also set up the Fed’s massive trading room, and who is the former Managing Director at Morgan Stanley, Andrew Huszar.  Below is what Huszard had to say in Part II of this remarkable series of interviews.

Eric King:  “When I interviewed David Stockman, who was put in place by (President) Reagan when the US was facing collapse in the early 1980s, he was referring to the Fed trading room and he said, ‘That trading room is a weapon of financial mass destruction.’  You’ve got these guys at the controls, and I think Stockman’s point is well taken that it is a potential weapon of financial mass destruction.  Is he wrong, or is there some truth to that?”

Huszar:  “…I don’t even think we have begun to see the costs of this experiment.  And I think (that with) the Fed trying to exit from the buying phase, we are just in the third inning of a game where we really don’t know what the result is going to be.  So I agree with you….

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Dear CIGAs,

On the heels of another wild trading week, today a 42-year market veteran spoke with King World News about the coming frightening chaos that investors around the world need to be brace for, as well as $10,000 gold, $50,000 gold and much more.  Below is the powerful interview with Egon von Greyerz, who is founder of Matterhorn Asset Management out of Switzerland.

Greyerz:  “Eric, on the surface it looks like there is deflation on the way.  Japan is failing to inflate and China is tightening because of the problems in their banking system and shadow banking system.  The EU banking system has also restricted lending…

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Dear CIGAs,

With markets continuing to see some volatile trading, today James Turk spoke with King World News about backwardation in gold and how quickly the price of gold will smash through the all-time high of $1,925.  Turk also warned that the shorts must be getting “frantic by now” because of the action in gold.

Turk: “Gold finally plowed through $1250, Eric, and we got the expected move higher.  The central planners tried ‘circling the wagons’ at $1,275, but they could not hold that line — there was just too much buying power behind gold’s surge….

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Dear CIGAs,

On the heels of another wild trading week, today a 42-year market veteran warned King World News that the world is now hurtling toward a historic catastrphe.  Below is the powerful interview with Egon von Greyerz, who is founder of Matterhorn Asset Management out of Switzerland.

Greyerz:  “Eric, the US is cutting down on QE, which is deflationary.  But I think the US will come out with additional stimulus this year.  If you look at what is going on in Japan, they are doing all they can to inflate, but they are not succeeding….

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Dear CIGAs,

With global stock markets getting a bounce after a turbulent start to 2014, today billionaire Eric Sprott warned King World News that investors around the world need to brace themselves for a terrifying shock to the global financial system.  The Canadian billionaire also lashed out at the central banks for their failed policies.  Below is what Sprott, Chairman of Sprott Asset Management, had to say in Part I of this remarkable interview series.

Eric King:  “Eric, what is the big threat going forward?  What has you worried here?

Sprott:  “The big threat to the financial world is the realization that all of these actions by central banks have created nothing….

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Dear CIGAs,

One of the greatest traders in the history of the world was Jesse Livermore.  He was rumored to have died broke,  but that is patently false.  Jim Sinclair’s father, Bert Seligman, (also one of the greatest traders in history) was business partners with Jesse Livermore, and Sinclair let KWN listeners know that Jesse was an extraordinarily wealthy man, all the way to the end of his life.  Fortunately his lessons from the markets were chronicled and are available for those who are willing to learn.

Jesse Livermore from Reminiscences of a Stock Operator:

“Speculation  is far too exciting.  Most people who speculate hound the brokerage offices … the ticker is always on their minds. They are so engrossed with the minor ups and downs, they miss the big movements.”

I wanted to highlight that particular Jesse Livermore quote today because too many KWN listeners globally fall into this trap.  Many have positioned themselves in the secular bull market in gold, and yet with every break in the price of gold they begin to worry….

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