Posts Categorized: King World News

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Dear CIGAs,

Whistleblower Andrew Maguire stunned King World News when he stated that during this brutal takedown in the price of gold, no physical gold has actually come on to the market.  Maguire, who recently appeared in the CBC production “The Secret World of Gold,” takes KWN readers around the world on a final trip down the rabbit hole in part three of a series of extraordinary written interviews which have been released today.

Maguire spoke about the manipulative takedown in the metals:  “Let’s start by looking at what happened on Wednesday morning because this is really where the intervention came in:  In the very thin access markets, in very thin liquidity, we saw a surgical strike. 

And it was designed to trip-off and accelerate end of quarter position squaring.  There is no doubt this (manipulation) was Fed-backed and (agent) bullion bank instigated….

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Dear CIGAs,

Today billionaire Eric Sprott spoke with King World News about the recent raid on gold and silver and noted the massive physical silver purchases that are taking place in India.  Sprott also discussed what this means for the shorts in the silver market.  This is the first in a series of interviews with Sprott that will be released today.  Below is what Sprott, Chairman of Sprott Asset Management, had to say in part I of this remarkable series of interviews.

Sprott:  “I just read some data on India.  It said that India, last year (in the) first five months, imported 1,900 tons of silver.  So far this year they have imported 2,400 tons.  Now to understand the significance of this I have to tell you that the amount of tons (of silver) mined (annually) is 25,000….

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Dear CIGAs,

Today whistleblower Andrew Maguire told King World News that Eastern Central banks have purchased a staggering 580 tons of physical gold in just the last 7 trading days.  This means Eastern Central banks just purchased a stunning 25% of the world’s annual gold mine production in just 7 trading days. This was the largest purchase of physical gold during any 7 trading day span in history.  Maguire, who recently appeared in the CBC production “The Secret World of Gold,” also discussed the brutal takedown in the gold and silver markets as well as the disappearing inventories in part one of a series of written interviews that will be released today.

Maguire:  “The lower these prices are set in the paper (gold and silver) markets, the stronger the physical buying becomes.  But it’s totally unsustainable.  And given the incredibly bullish COMEX structure now, and the global market underpinning, these paper sales just cannot continue any longer.

Officials have not been selling any physical gold for many months now….

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Dear CIGAs,

On the heels of last week’s propaganda by the Fed, the Godfather of newsletter writers, Richard Russell, writes about the end of the current monetary system, the bond market collapse, volatility in stocks and the end of the Federal Reserve.  This is a fantastic piece where Russell includes two key charts.

Richard Russell:  “The great bull market that started in 1982 with the Dow at 776 possessed one great advantage — It had a bull market in Treasury bonds behind it.  At the time (in 1982) the yield on long T bonds was around 15%.  The bond market and the stock market rose together until the 2000s.  The stock market hit its bull market high on October 7, 2007 at 14,164.53 on the Dow.  The bond market hit its bull market peak in May of 2013.

Now the great bond bull market has topped out, and a new bear market in bonds is underway.  This will mean rising interest rates for as far as the eye can see, with accompanying interest rate pressure on stocks.

Question — Russell, you stuck your neck out last week and stated that the stock market may be in major trouble.  How come?

Answer — First, I believe the bull market in bonds is over.  That means that we may face many years of irregularly rising interest rates.  Remember, the Bernanke Fed artificially depressed interest rates with its huge QE program, during which it bought massive quantities of bonds.  The Fed’s program cannot continue forever — in fact, Bernanke has recently conceded that the Fed is making plans to “taper” (down) its bond buying program.  When the Fed tapers, bond prices will decline towards their normal, free-market levels, and interest rates will rise (bonds and their yields move in opposite directions).

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Dear CIGAs,

As the two-year cyclical bearish phase in the gold and silver markets is coming to an end, today John Embry told King World News increased global chaos now signals “the entire world currency system” will be recast.  Embry also spoke with KWN about how Western propaganda is being used to paint a false picture about the harsh reality of what is really taking place around the world.  Below is what Embry had to say in this powerful interview. 

Embry:  “What’s going on right now in gold and silver is preposterous.  The gold price has been driven down roughly $600 from its peak in August of 2011.  But if you really examine what’s unfolded in that ensuing period, there isn’t anything that would justify the gold price going down to any extent, let alone $600.

This has been a wonderfully orchestrated maneuver by the bullion banks, the Western governments, and their respective central banks.  And it’s destroyed the psychology of most people that don’t understand the gold market extremely well….

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Dear CIGAs,

Today a former US Treasury Official told King World News that the U.S. Federal Reserve orchestrated Thursday’s massive gold plunge which shocked market participants.  Dr. Paul Craig Roberts also warned that we are on a path which will send the U.S. into “total chaos.”  Below is what Dr. Roberts had to say in this powerful interview.

Eric King:  “We had the Fed out with two straight days of propaganda and that was followed up by a smash in gold and silver.”

Dr. Roberts:  “Yes, that’s true.  It shows how irrational markets are.  In fact, there was nothing new in the Fed’s statement.  The markets have known for a long time that at some point the Fed is to taper down its bond purchases and eventually stop them.

So the lack of any real information in the statement makes the market reaction seem puzzling.  And it actually suggests that the too-big-to-fail banks had inside information, the Fed’s statement, and used it to short the stock, bond and gold markets….

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Dear CIGAs,

Pento:  “We all knew that the Fed suffers from acute schizophrenia, but let’s take a look at what their statement really said today.  Of course there was no change in the amount of bond purchases.  They are still doing $85 billion every month.

But the Fed downgraded the outlook for inflation.  The outlook was for 1% inflation for the totality of 2013.  At the Fed’s last meeting in March, the outlook was for 1.5% inflation.  So they lowered their outlook for inflation which is half of their mandate.

They then said, ‘The risks to rising unemployment have diminished.’  They mad that bold claim even though the unemployment rate was up last month….

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Dear CIGAs,

With the two day Fed meeting beginning, the Godfather of newsletter writers, Richard Russell, writes about what he calls, “The Great Gold Rip-off.”  This is a fantastic piece where Russell also discussed the impact on the silver market, whether or not the US has all of the gold it claims, and what Russia and China are up to at this time.

Richard Russell:  “It looks like the great gold rip-off is completed and over.  A few of the banks (JPM) spread the rumor that gold was heading for $1,000 and that the bull market in gold was toast.  This set off a panic in gold and silver, which served the perpetrators well. 

As the metals swooned, the crooks, who had sold the metals short, made a tidy fortune as the metals collapsed.  At the same time, they loaded up on cheap gold and silver.  In all, quite a play, during which a good many duped investors dumped their silver and gold.

I understand that there is now a huge speculative short position in gold on the Comex.  This position will have to be covered.  This means driving the shorts out of the market.  Thus, the manipulators will have cleaned up — first by selling the metals short, and then by loading up on the metals at the bottom of the panic in preparation for (hopefully) the ride up.

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