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Caesar Bryan continues:

“This has been a major breakout in gold and silver, and we are still waiting for a major move from China. So these are early days in this gold move as far as I’m concerned. Despite how powerful this move has been, these are still early days when we look at what’s coming in the next month or two.

All of the key moving averages in gold were at about $1,621. Gold broke above that level, backfilled, and now we’ve put on $100 to the upside in fairly short order....

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“This is an important move, and over the next few months we expect to see considerably higher levels in gold.

The European Central Bank, from their standpoint, they are off to the races. They now seem prepared to do a great deal in terms of money printing. Likewise, we are going to hear about what the Federal Reserve is going to do next week. So gold could well have another major up-leg when we get more concrete announcements.

What is happening now is what we have been talking about for weeks, and that is the onset of monetary easing in Europe and the United States. So the Europeans have already said they will intervene, and on the US side, the catalyst has been today’s jobs report. This report convinced traders that the Fed will embark on another program.

Today is an important day for the gold market. We’ve had a big move and we are now trading near the $1,740 level. This has been an important couple of weeks and this is clearly the start of a more substantial move in gold.”

Caesar also added: “The XAU is near the 180 level, but this is insignificant in terms of the potential for the gold shares in a higher gold price environment. You have to remember the XAU was 180 back in February, so the gold shares have yet to really take off to the upside at this point.

The bottom line here is the mining indexes have have experienced a major breakout above their 200 day moving averages, and these shares should be headed much higher in the coming weeks.”

KWN had an incorrect (old) link for the most recent Dr. Marc Faber interview. This was an incredibly powerful interview with one of the greats. Dr. Marc Faber discusses everything from gold and silver, to investment allocations, confiscation fears, dangerous trends, protecting oneself, central planners, inflation and much more. The KWN audio with Dr. Marc Faber is available now and you can listen to it by CLICKING HERE.

The interviews with Gerald Celente, James Dines, Marc Faber, James Turk, Egon von Greyerz, Art Cashin (UBS $612 billion) are available now. Also, be sure to listen to last week’s line-up of other KWN interviews which included Agnico CEO Sean Boyd, John Hathaway and Eric Sprottand Jean-Marie Eveillard by CLICKING HERE.

Eric King

KingWorldNews.com

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Top Fund Manager - Gold Should Already Be Above $1,900

Today one of the premier gold fund managers in the world told King World News, “Gold should already be above $1,900, bearing in mind the policy moves we have heard about from both sides of the Atlantic.” Here is what Caesar Bryan, of the $33 billion strong Gabelli & Company, had to say: “Having regard to what the monetary authorities, both in Europe and the US, are doing, you could argue that the move in gold has been pretty mild. Yet we’ve come from, in the middle of August, $1,600 to $1,730. Gold should be at a new high. Gold should already be above $1,900, bearing in mind the policy moves we have heard about from both sides of the Atlantic.”

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September 7, 2012

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