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Eric King:  “Rick, how do you view what is happening right now in the gold and silver markets?  This certainly qualifies as the ‘psychotic break’ you kept warning KWN readers could take place in these key markets.”


Rule: “Yes, this is the psychotic break I kept warning could take place.  Clearly we are now in the capitulation phase.  In previous interviews on KWN I said that bull markets end with upside blowouts and bear markets end with capitulation.  And we are now in a massive capitulation....


Continue reading the Rick Rule interview below...




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“In fact we are in the kind of capitulation that Ben Graham famously described as ‘professional capitulation.’  This is where you have cleaned everybody out of a market and you are ‘cutting into the bone.’  We have now seen high-class professionals in extractive industries as well as financial industries throwing in the towel.


Professional capitulation is a wonderful sign.  That isn’t to say that we are ready to turn now, or we are ready to turn next week, but the set of circumstances that we have been talking about, which is the beginning of the end of the dark period, is what we are in right now.


The reasons for this are fairly obvious, Eric.  You have virtually no buyers in the mining share market, and as a consequence of mutual fund redemption you have forced sellers.  I don’t know where this ends, but I know this is the event that ushers in the end.”


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The audio interviews with Gerald Celente, Dr. Paul Craig Roberts, Andrew Maguire, Michael Pento, John Embry, James Turk, Art Cashin, John Mauldin, Egon von Greyerz and Nigel Farage are available now.  Also, be sure to hear the other recent KWN interviews which include Eric Sprott, Marc Faber and Felix Zulauf by CLICKING HERE.


Eric King

KingWorldNews.com

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