KING WORLD NEWS - BLOG
BROADCAST../../../../Broadcast/Broadcast.html../../../../Broadcast/Broadcast.htmlshapeimage_6_link_0
HOME../../../../King_World_News.html../../../../King_World_News.htmlshapeimage_13_link_0
BUSINESS../../../../Business.html../../../../Business.htmlshapeimage_14_link_0
GREEN../../../../Green.html../../../../Green.htmlshapeimage_15_link_0
HEALTH../../../../Health_1.html../../../../Health_1.htmlshapeimage_16_link_0
ENERGY../../../../Energy.html../../../../Energy.htmlshapeimage_17_link_0
SPORTS../../../../Sports.html../../../../Sports.htmlshapeimage_18_link_0
GOLD+../../../../Gold.html../../../../Gold.htmlshapeimage_21_link_0
 
 
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.html
KWN BLOGhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.htmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.htmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.htmlshapeimage_24_link_0shapeimage_24_link_1

© 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 This material may not be published, broadcast,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.

Subscribe to RSS
CLICK HEREhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/rss.xmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/rss.xmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/rss.xmlshapeimage_27_link_0shapeimage_27_link_1
KWN Blog
Archiveshttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/Archive.htmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/Archive.htmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/Archive.htmlshapeimage_28_link_0shapeimage_28_link_1

Eric King:  “We’ve been discussing quite a bit on King World News the desperation of the central planners, and especially when we saw the very unnatural action taking place in gold and silver.  When you see that kind of desperation, Eric, what does it tell you?  Because it’s become more pronounced than we’ve ever seen it.”  


Sprott:  “It’s just pure insanity.  When gold and silver got hit, gold traded about 120% of its annual production in one day (in the paper market).  We had offerings of 25% of the world’s mine production at one time, and who in the hell would have 25% of the world’s mine production available for sale in a minute?  And who would want to sell it in one minute?  It’s just ridiculous....


Continue reading the Eric Sprott interview below...




Advertisement


To hear what billionaire Eric Sprott & Rick Rule are doing with their own

money and which $10 billion company John Embry &

Dr. Marc Faber oversee click on the logo:













“So we see all of these paper (trading) volumes going through that bear absolutely no relationship to what’s going on in the physical markets.  As you know I have always been a proponent of the fact that supply in the gold market was way less than demand, and by a very large factor.  I think demand exceeds supply by at least 60%.  The central banks are surreptitiously supplying that gold, and ultimately they will be running on fumes.


When we hear about the LBMA not willing to deliver gold, and JP Morgan’s inventories at the COMEX have gone from 2.4 million (ounces) down to 160,000 ounces, it just makes you realize that all of this paper trading means nothing.  It’s the real physical market that you have to rely on. 


Everything I believed in keeps pointing to more and more buying.  God forbid that I might be able to say that investment demand might go up 100% this year because everyone is buying gold.  Where would it come from?  There is already a shortage.  So it’s just pure insanity. 


I think we will look back at the gold chart and you will see this panic selling at the bottom and (we will be at) new highs in the market.  We will realize when we breakout through $1,920, and we got down to $1,320, it’s going to count for the gold price being another 50% higher.


We are going to have an excellent shot at $3,000 gold because this thing is totally sold out here based on the action of the Friday and Monday of the previous weeks.  The whole exercise backfired.  If it was central bank manipulation or somebody trying to break the market, it totally backfired.


I can’t believe that I can say to you that the US Mint has sold 1,000% more gold this month, than April of last year, and the month is not even over.  I’m shocked that I can say the UK Mint has sold 200% more.  You hear numbers out of China and India of hundreds of percent differences.


I mean these are staggering developments in a market where the supply has been essentially fixed for 13 years.  The mining supply went down last year.  Mining supply will go down this year, and yet we see a huge surge of physical buying all over the place.  This has been a wonderful response from people who realize the ridiculousness of what the central planners are doing.”


This is the second in a series of interviews with Sprott that has been released today which discusses the massive surge in demand for physical gold and silver.  Sprott also gives some extraordinary price projections for both gold and silver, and spoke about his recent activity in the silver market and more.  In addition to the written interviews, the KWN Eric Sprott audio interview is available now and you can listen to it by CLICKING HERE.


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


© 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.


Eric King

KingWorldNews.com

To return to BLOG click here.


 
http://www.kingworldnews.com/kingworldnews/Broadcast/Broadcast.html