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If you look at the chart below, you will see the liquidation and be able to compare it to the action seen during the panic and global market collapse of 2008:




What KWN readers around the world need to realize is that this liquidation has been welcomed by the Chinese and other nations which are continuing to accumulate large amounts of physical gold.  This demand for physical gold is the reason why the gold market has stayed within its long trading range and has not broken down....


Continue reading below...




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To hear which gold powerhouse has attracted BlackRock, JP Morgan, Van Eck & Sprott

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However, the problem for the mining shares is that the sector does not have nations bidding for the shares to support them the way we have seen in the physical gold market.  James Turk’s stunning chart below, which he sent exclusively to KWN, really captures the carnage of what has taken place in the sector.




Investors need to remember that amidst the carnage of what we have seen in the mining sector, there is also great opportunity as well.  The quality mining shares will have massive rebounds and eventually make their way to overvaluation or the “XAU Selling Area” noted in Turk’s chart above.  Fortunes will be made on this rise as Rick Rule pointed out in his tremendous piece titled, “This Is How You Can Make A Fortune In Gold Right Now.”


© 2013 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 This material may not be published, broadcast, rewritten, or redistributed.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 Gerald Celente, Dr. Stephen Leeb, Jim Sinclair, Rick Rule, Ben Davies, Andrew Maguire and Marc Faber are available now.  Also, be sure to listen to the other recent KWN interviews which included James Turk, Bill Fleckenstein, Egon von Greyerz, Felix Zulauf, Eric Sprott and Art Cashin by CLICKING HERE.


Eric King

KingWorldNews.com

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