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John Hathaway continues:


“But I do think when the (gold) market is ready, and I think it’s setting up to be ready, it’s not just going to creep higher.  It’s going to go through these resistance levels the technicians talk about with a great deal of power....  


Continue reading the John Hathaway interview below...




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“We have to go through some of this backing and filling.  I just want to see gold find its footing somewhere around here. I want the shares to start to stabilize.  They have been showing signs of outperforming the metal. 


So $1,800, $1,900, they are not going to be a big deal (in terms of getting through those levels) because the forces that are behind this are not just going to lead gold to creep higher.  It’s going to power through (those key levels) in a very dramatic way.


I would say the things that have been driving gold are still intact.  At the end of the day, the conditions we had going into the election are reinforced.  So I would say from gold’s point of view, all systems continue to be go.”


Hathaway also added:  “When I think about all the reasons why a rational investor should have exposure to precious metals, and remember that gold is very under-owned, the mainstream media hates it, the mainstream investment world hates it, but if you take a step back and say, ‘What’s driving it?’


The things that are driving gold are more virulent, more powerful today than they were yesterday.  So I would conclude by saying if there is weakness take advantage of it.  If you haven’t got any exposure, you ought to be thinking about it.  For those who are already on board, just stay with it because I think it’s going to be a very rewarding proposition.”


Hathaway had this to say regarding silver: “If gold does start to show a resumption of its secular advance, which I think it will be doing before long, silver should benefit on a percentage basis even more.”


Hathaway covered a tremendous amount of ground in a short period of time in his audio interview.  This segment covers what to expect from gold and silver going forward, what it will take to get silver to new all-time highs, the fact that the US is headed into recession, how the mining shares will perform this time in a down stock market and much more.  The King World News interview with John Hathaway is available now and you can listen to it by CLICKING HERE.


© 2012 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the blog page is permitted and encouraged.


The interviews with John Embry, Stephen Leeb, Don Coxe (BMO $538 billion), Rick Rule, James Turk, Egon von Greyerz and Gerald Celente are available now.  Also, be sure to listen to other recent KWN interviews which included MEP Nigel Farage, Jean-Marie Eveillard, and Art Cashin (UBS $612 billion) by CLICKING HERE.


Eric King

KingWorldNews.com

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