Posts Categorized: King World News

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Dear CIGAs,

Today one of the most highly respected fund managers in Singapore spoke with King World News about an event which is going to shock market participants and create a major panic in the gold market that will destroy the gold shorts.  Grant Williams, who is portfolio manager of the Vulpes Precious Metals Fund, also included an unbelievable chart and laid out the roadmap for how this will end in his part II of his powerful interview below.

Williams:  “The setup for gold is positive.  We do need to break out of this base.  If gold can climb above $1,250 that would be an incredibly positive sign in the short-term.  We should get some momentum above that level….

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Posted by & filed under King World News.

Dear CIGAs,

With continued chaos around the world and uncertainty in global markets, today KWN is publishing an incredibly powerful piece that was written by a 60-year market veteran.  The Godfather of newsletter writers, Richard Russell, discusses what he calls “one of the greatest economic scandals in US history.”

Russell: “Volatility as expressed by the VIX has been low for many months.  The last time the VIX rose above 20 was last October.  I get the feeling that this may be the calm before the storm.  The latest VIX reading is 13.6 and between now and February I expect to see the VIX move up to around 20 or more. 

The first week in January gave us no hint as to what’s coming up.  Every week that goes by increases the odds for a surge in volatility.  If volatility does surge, I don’t know if it will result in the market moving up sharply or down sharply.  From my own standpoint, I prefer peace of mind and watchful waiting as we prepare for stock market history.

Meanwhile, optimism remains very high. Investor’s Intelligence lists bullish advisories at 61.6% — a five year high, with bearish investors at 15.2%.  At the same time there are 6 distribution days on both the S&P and the NASDAQ.  With the Industrials and Transports both at recent record highs, the Averages continue to point higher.  But caution is still warranted.

Meanwhile, gold creeps quietly higher.   If gold hits the 1270 box, it will be a victory for the bulls.  Gold tested the low at the 1190 box, then rallied to 1237.  Gold must now hit 1270.

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Dear CIGAs,

With continued uncertainty around the globe, today a man who has been involved in the financial markets for 50 years, and whose business partner is billionaire Eric Sprott, warned King World News that 2014 is going to be a year of utter chaos and turmoil.  He also discussed what this means for investors around the world in major markets, including gold and silver.  Below is what John Embry had to say in this powerful and timely interview.

Embry:  “I am deeply concerned about the deterioration of the geopolitical situation.  I think there is no better example of what’s happening than in Japan.  You have the Japanese leader, Abe, who is making a mess of their economy and ultimately their currency and bond markets….

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Dear CIGAs,

With continued uncertainty around the globe, today a man who has been involved in the financial markets for 50 years, and whose business partner is billionaire Eric Sprott, told King World News that despite the propaganda, the US economy is collapsing.  He also discussed what this means for investors around the world in major markets, including gold.  Below is what John Embry had to say in this powerful and timely interview.

Embry:  “There is so much bullish propaganda coming out of the US about the economy.  I wasn’t interviewed on KWN last week because I was away celebrating my wedding anniversary with our annual trip to San Francisco….

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Dear CIGAs,

On the heels of more volatile trading in global markets, today Canadian legend John Ing told King World News that the Shanghai Gold Exchange has now delivered more than gold than what is supposedly stored at Fort Knox in the United States.  Ing, who has been in the business for 43 years, also spoke about how this will impact the price of gold in the future.  Below is what Ing had to say in his fascinating interview.

Ing:  “There has been a great deal of noise, but amid that noise you have to separate the rhetoric from the reality.  This on-again, off-again quantitative easing is just more of the rhetoric.  It reminds of the 1970s, when there was ‘peace in Vietnam.’  Well, it took 3 years to have peace in Vietnam.

But every time peace was declared, the stock market went up 100 points, and then it would go down when it wasn’t going to happen.  It feels like the same thing with quantitative easing….

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Dear CIGAs,

One of the most highly respected fund managers in Singapore spoke with King World News about a stunning event that is about to completely alter the war on gold.  Grant Williams, who is portfolio manager of the Vulpes Precious Metals Fund, also discussed how this war will ultimately end as well as what all of this means for investors in gold.  Below is what Williams had to say in his powerful interview below.

Williams:  “You have 5 banks that set the price of gold every day in London.  They literally do it over the telephone.  And this process takes anywhere from a few minutes to over an hour.  Amazingly enough, in this day and age, during that ‘fixing’ time the participants on that call are allowed to trade the metal (gold) and they are allowed to trade derivatives on that metal during the phone call.

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Dear CIGAs,

Today a former US Treasury Official warned King World News that the Chinese are positioning themselves to dominate the US.  He also discussed the desperate situation the US now faces and what all of this means for the battered gold market.  Below is what Dr. Paul Craig Roberts had to say in part I of this powerful interview series.

Dr. Roberts:  “The United States economy is very ill.  They (central planners) don’t have a solution.  They are locked into printing money.  If they try to stop quantitative easing they have to worry about the bond and the stock markets collapsing, and they have to worry about the balance sheet of the banks…

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Dear CIGAs,

With continued chaos around the world and uncertainty in global markets, today KWN is publishing a powerful piece that was written by a 60-year market veteran.  The Godfather of newsletter writers, Richard Russell, predicted that a frightening hyperinflation is coming to the US.  Russell also discussed stocks, gold, and what investors should be doing in the face of the coming financial tsunami.

Richard Russell:  “I continue to think that this bull market will end in an upside explosion.  I believe it is fated to go higher than anybody now believes.  A wise move here might be buy the farthest out calls as possible on the thesis that the sellers are convinced they will never be hit.  Wise heads are now warning that this market has now passed all sane appraisals, and as such it is highly dangerous.  Nevertheless I believe that this market is fated to go higher than even the most bullish practitioners can conceive.

Reading my favorite advisories, they are overwhelmingly bearish, from the standpoint of the usual technicals, including the margin accounts, and the number of bullish advisories vs. the thin bears.  All this aside, my instinct tells me that the stock market is heading into the clouds … I sense that the retail public is moving toward an extreme of bullishness, and that all negative indications will be swept aside.  This bull market will not end with the usual and obvious technical indications.  It will end with an extreme of bullishness from the crowd. 

I note that talk about debt has simmered down.  The US debt is so huge that reasonable talk about it is almost impossible.  I believe in the end the US will turn to hyperinflation in its effort to minimize the debt.  The debt is now so huge that I believe there are only two possible outcomes: default or hyperinflation.  With the advent of hyperinflation, gold will come into its own.  In the end, those who have been patient enough to hold bullion will be rewarded.  Ultimately, a new monetary system will come into being, and its core will be built around gold.  I think it may be three to five years before this country moves into hyperinflation, but the only alternative is default.

The government will attempt to diminish our debt by way of printing, to the point of hyperinflation … The miracle of inflation diminishes the power of debt over time.  In the face of America’s unbelievable debt, prepare for inflation, rising inflation and finally hyperinflation … For a period of this third phase, speculative positions in the DIAs should be profitable, but only for a short while.  In the meantime, position in gold bullion and gold items should be held.”

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