Eric King:  “John, what are you hearing about the physical market for gold?”

Hathaway:  “Well, it’s just gangbusters.  You hear about shortages of coins.  Sometimes that can be attributable to the mints not having enough equipment.  Bars, the same thing.  I read recently that more than half of the gold which has been ordered has been on a delayed delivery of some sort.

Everything I get confirms the activity is overwhelmingly on the buy side....

Continue reading the John Hathaway interview below...


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“So this pullback has not at all disheartened people who want to own more gold.  In fact they are just looking at it as if it was a ‘blue light special,’ and they are just standing in line to buy.

Sometimes you have to give the average citizen some credit in terms of common sense.  They can look at what’s going on and say, ‘This doesn’t make sense.  Money printing can’t be good over the longer-term.’  They don’t need CNBC or Bloomberg to tell them to go out and buy it.

They are thinking for themselves.  I mean if anything the media is so dead set against gold right now, the fact that the public buying remains so strong, to me, is very, very significant ... and if you look at the traders’ commitments, they are extremely bullish.  The smart money is on the buy side, and the specs are very heavily on the short side.”

Eric King:  “John, I know you’ve been watching the US dollar closely, your thoughts on the dollar?”

Hathaway:  “Well, you know it’s starting to show some weakness, I’m talking about the trade-weighted dollar.  It’s probably still early in the game, but it’s beginning to look as if it wants to punch lower.

I notice when you look at the traders’ commitments and the sentiment, the bulls are just overwhelmingly there (long the US dollar).  So I think it is set up for a decent correction ... What that would mean is that the QE the Fed is practicing now will be seen by the markets to be either potentially greater as the Fed said at this last meeting, or that they may extend it for much longer than anyone realizes.  But I think a weaker dollar will certainly be good for gold.”

This write-up is only a small portion of what John Hathaway had to say in his extraordinary audio interview.  Hathaway spoke at length about the gold and silver markets, the US dollar, Fed moves, and what it means for gold going forward.  The KWN audio interview with John Hathaway is available now and you can listen to it 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.

To learn more about John Hathaway and his management services CLICK HERE.

The audio interviews with John Hathaway, John Embry, Dr. Paul Craig Roberts, Jean-Marie Eveillard, Dr. Stephen Leeb, Bill Fleckenstein, Eric Sprott, Gerald Celente and Nigel Farage are available now.  Also, be sure to hear the other recent KWN interviews which include Art Cashin, Marc Faber and Felix Zulauf by CLICKING HERE.

Eric King

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