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Rosen:  “I’m focused on three things right now -- gold, silver, and the stock market averages.  The stock averages are at a point where they are ready to collapse.  I expect at least a 66% decline on the Dow and the S&P 500.  But this will simultaneously be accompanied by a huge move up in both gold and silver....


Continue reading the Ron Rosen interview below...




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“We are in the very early stages of a major turning point for both gold, silver and the stock markets.  The move in gold and silver will be quite dramatic to the upside.  I expect new all-time highs by the first quarter of next year.  At the same time, we will be witnessing a collapsing stock market. 


This collapse that I am expecting in stocks will be quite dramatic, and the depth of the decline will frighten most markets participants because they will not expect such a severe collapse.  This will be a repeat of the past to some degree, and this final decline will take stocks back to a main trendline that goes all the way back to 1982.


But this is not going to be the end of the world.  When this decline is over, we are going to see another major bullish phase in the stock market averages which will last for many years.  This final advance will mark the end of a fifth wave that goes all they way back to 1913 and the creation of the Federal Reserve.  At the bottom of this coming collapse in global equities I expect that there will be some type of monetary reorganization.  We are not facing the end of the world, but it will seem like it as the stock averages collapse and gold skyrockets. 


This next advance in gold, which will take place against the backdrop of a collapsing stock market, will take the price of gold to somewhere between $2,300 and $3,000.  Silver’s advance will be even more spectacular.  The price of silver should surge to roughly $150 an ounce.  Silver will be making new all-time highs along with gold early next year.


During all of the coming chaos we will see a massive advance in the HUI (Mining Share Index).  In fact, the mining shares will make a dramatic new high which will be substantially above the previous high of 638 on the HUI.  That new high should occur early next year.  So we are going to have a remarkable surge in the mining shares over the next 9 months, and it has already started.


You have to remember that I’ve been studying the markets now for almost 60 years, but I have to warn you that we are about to enter a period of turmoil that will usher in some of the most dramatic action I have ever seen in the  global markets.  Investors need to be mentally prepared for the chaos that lies ahead so they don’t panic”


© 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 audio interviews with Grant Williams, Dr. Paul Craig Roberts, Gerald Celente, James Turk, Hugo Salinas Price, Chris Powell, Bill Fleckenstein, Eric Sprott, David Stockman, Art Cashin and Marc Faber are available now. Also, other outstanding recent KWN interviews include Jim Grant and Felix Zulauf to listen CLICKING HERE.


Eric King

KingWorldNews.com

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