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Hinde Capital CEO Ben Davies continues:


“With most of the European Parliament on holiday, there’s been a bit of an impasse with regards to the eurozone situation, which has clearly been driving events of late.  There are rumors today that Spain, over the weekend, will ask for a bailout.  So that’s going to be an interesting dynamic for the gold market on Monday.


I would say that a bailout means more monies need to be provided in various guises....


Continue reading the Ben Davies interview below...




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“So I think that will be a positive for gold and silver.  I would err slightly more on the side of silver bullish.  I think there is optimism for growth.  Our analysis is actually for a pickup in US growth in nine months time.  So the overlay there is that silver could perform well here.


You only have to look at platinum, we saw platinum was up 4% yesterday, and that’s how quickly a market can move.  But yes, I think we’re threatening to make a move here (in gold but particularly silver) in the next few weeks if not sooner.”


Davies“If we move to a gold standard it gets taken out of our hand.  We just get a price realigned and reset at a higher price.  But yes, I think with the creation of currency and M1 that’s actually starting to turn.  This is something we are seeing in the US, the money multiplier slowly starting to turn up. 


I think this is an interesting dynamic because a lot of money has been created in the system to offset the downforce that we are experiencing from credit rescinding in the system.  Now, if we start to see that multiplier really pick up, I actually think that’s going to be extremely bullish for gold.


There is no one around to really sell the gold now, so price could really move to the upside in that environment.  I think that’s when we start getting to the targets we’ve talked about (in the past).  None of the policy prescriptions that are being utilized at the moment are solving the situation.  We can see they are making it worse.  So I think it’s status quo in terms of where the gold price is going and we just need to be patient.”


Davies added this regarding the miners: “Obviously operating costs have been rising somewhere between 10% and 15% (per year).  For us, that has been the major driver of the gold price outside of quantitative easing.  If costs are going up 10% to 15% per year, it’s not unfair to say the gold price can appreciate by that amount.”


This was a tremendous interview with Davies.  In this interview, Davies gives specific price projections in both the short and intermediate-term for gold and siver.  He puts KWN listeners ahead of the curve on what to expect in the metals markets, as well as the macro-picture.  The interview with Ben Davies 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 Rick Rule, Egon von Greyerz, Bill Fleckenstein, Dr. Keith Barron and MEP Nigel Farage are available now.  Also, be sure to listen to last week’s line-up of other KWN interviews which included Peter Schiff, John Embry, James Turk, Micheal Pento, Dr. Stephen Leeb, and John Hathaway by CLICKING HERE.


Eric King

KingWorldNews.com

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