Posts Categorized: King World News

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Dear CIGAs,

Today a former US Treasury Official spoke with King World News about the use of “massive propaganda” through the mainstream media, and a continued “coverup” on the part of the United States government, which continues to hide the truth from its people.  Below is what Dr. Paul Craig Roberts had to say in this powerful interview.

Eric King:  “Dr. Roberts, there is so much propaganda out there from the mainstream media, particularly with the market recently hitting new all-time highs.”

Dr. Roberts:  “Well, Eric, Friday’s jobs report is part of that propaganda.  Already they are saying, ‘Oh my goodness, we had 2.8% economic growth in the 3rd quarter and so the Fed will probably start tapering.’  It’s all nonsense….

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Dear CIGAs,

On the heels of an explosive mid-week surge in the price of gold and continued weakness in the US dollar, today the man who predicted the massive spike mid-week spike in gold ahead of time warned King World News that the West is now collapsing.  London metals trader Andrew Maguire also spoke with KWN about what people should expect to see next in gold.  Below is what Maguire had to say in this tremendous and timely interview.

Eric King:  “Andrew, you made a fantastic call at the end of last week.  You said that gold absolutely could not stay below $1,300 for more than a few days.  We saw the bears holding the price below that key level Monday through Wednesday, but they capitulated on Thursday as gold soared solidly back above the $1,300 price level.”

Maguire:  “Eric, last week we talked about the Fed being cornered.  The reason we saw the price of gold being held below $1,300 is because the Fed was literally being forced to react to the price rise of gold against the US dollar.  This had to do with the government shutdown, and it was forcing their hand — to give the appearance of stability as the dollar was declining and under tremendous pressure.

So, the Fed moved in to short gold and buy the dollar in the FX markets.  Now, the reason I told you gold wouldn’t be able to hold below sub-$1,300 for more than 3 days is because of ‘spot market indexing.’  While these synthetic paper markets for gold are putting pressure on the price of gold, the underlying physical market is on fire….

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Dear CIGAs,

On the heels of a plunge in the price of gold and silver, today London metals trader Andrew Maguire spoke with King World News about the takedown in gold and silver, and he told KWN the “Vampire Squid” is very busy in the gold market.  He also spoke about what is taking place in the gold market today and why.  Below is the first in a series of powerful interviews with Maguire that will be released today.

Maguire:  “People make the mistake of focusing on these tiny moves, and the chop within a range, when they should really stand back as ask, ‘Where are we?  Who is in this market, and why?’  (This is) especially true on a day like today….

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Dear CIGAs,

Today the Godfather of newsletter writers, Richard Russell, warned that the “US dollar is poised right on the edge of a cliff.”  He also issued this ominous warning, “if we get a sell signal on the dollar it will have international implications.”  This is an incredibly powerful piece with a legend who has been writing about the markets for 60 years, and he concludes by discussing what is going to trigger a massive bull market in gold and silver. 

Richard Russell:  “The chart below shows the S&P Composite, and the red line is the VIX or volatility index.  As you can see, the VIX has risen to its highest level since July.  Thus, the VIX is sensing some volatility to come over the next few months.  As a rule, I usually ready myself for some market volatility when the VIX climbs from a dull period to over 20.  We’re not quite there yet.

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The chart below is the one that I believe is critically important — it’s the US dollar.  The US dollar has acted as a safe haven for money in the US and all over the world.  Thus, if we get a sell signal on the dollar it will have international implications.

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Dear CIGAs,

Today David Stockman spoke with King World News about the monumental crisis now facing the United States and the rest of the world.  He also discussed how the disaster today is far worse than we what he, Paul Volcker, and Dr. Paul Craig Roberts faced in the 1981 time frame.  Stockman (pictured above) is the man former President Reagan called on in 1981, during that crisis, to become Director of the Office of Management and Budget.  Stockman also spoke about what the coming chaos will mean for gold as well as other major markets.  Below is what Stockman had to say in the second of a series of powerful interviews that have now been released on KWN.

Eric King:  “This disaster that you’ve described, how will it be different than what we went through in the 1970s, when inflation was roaring and gold went up 25-fold?”

Stockman:  “There was a different issue then (during the 1970s crisis).  (Today) this central banking disaster is not only a United States problem — it has spread to the entire world.  All of the central banks are doing the same thing….

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Dear CIGAs,

Today one of the top economists in the world predicted that the Fed will shock the world by increasing QE.  He also discussed what all of this means for major markets around the world, including gold and silver.  Michael Pento, founder of Pento Portfolio Strategies, wrote the following exclusive piece for KWN. 

By Michael Pento of Pento Portfolio Strategies

October 5 (King World News) – “Increased QE Will Shock Market Participants Around The World”

Former Treasury Secretary Hank Paulson weighed in on the budget and debt ceiling gridlock in Washington and offered a solution this week by saying, “I hate the whole concept of a debt ceiling”.  He also indicated that putting a legal limit on our nation’s borrowing authority is a “flaw in the system”.  In other words, if we just did away with the strictures of a debt limit our problems would go away….

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Dear CIGAs,

In the aftermath of last week’s disaster for the Fed, today Canadian legend John Ing sent King World News a tremendous piece.  Ing, who has been in the business for 43 years, says that a major financial earthquake is now underway and gold is at the center of it.  Below is what the 43 year veteran had to say in his powerful piece.

By John Ing

September 26 (King World News) – “Fed In Trouble As Gold To Become The Default Currency”

After a five year spending binge and trillions of newly created debt from rounds of quantitative easing, there is an unwanted side-effect.  July’s deficit was $148 billion and the Fed’s balance sheet has expanded at the expense of the private sector inflating asset prices instead of the economy. 

As a result, Wall Street has fared better than Main Street.  However, the long awaited plan to reduce the Fed’s purchases of America’s debt brought not relief but angst among governments, investors and now the Fed is addicted to ultra-cheap money….

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Dear CIGAs,

With continued uncertainty in global markets, today the 42-year market veteran, who correctly predicted that the Fed would not taper, is now warning King World News that 3 disasters threaten to collapse the world economy.  He also discussed what all of this means for major countries and key markets such as gold and silver.  Below is what Egon von Greyerz, founder of Matterhorn Asset Management out of Switzerland, had to say in his interview.

Greyerz:  “Eric, we have three potential disaster areas in the world:  Europe, the US, and Japan.  And each one of these areas have problems of a magnitude which would be sufficient to trigger a collapse of the world economy and of the global financial system.

But the combined problems of these three areas are guaranteed to change the world as we know it today….

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