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

© 2014 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 This material may not be published, broadcast,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

Saut:  “We’ve pretty much been trapped on the S&P between 1,813 and 1,851.  We’ve tried a couple of times to close out above that January 15th closing high of 1848 but we have been unsuccessful so far in doing that.  The internal energy in the markets is indicating a potential for a pullback here.  The optimism in terms of counting bulls vs bears has been pretty optimistic, which is a negative for stocks....


Continue reading the Jeffrey Saut interview below...




Advertisement


To hear which company just made one of the most exciting high grade discoveries

that just had a massive 101 meter drill strike, as well as

major financial backers click on the logo:






“We already had a 6.2% pullback starting in late-January, into that February 3rd low.  And the history of moves like we’ve seen since the June 2012 low of a 40%+ move to the upside without so much as a 10% correction is that some time over a three-month period you do get a 5% to 7% pullback.  And some time over the contiguous twelve-month period you get something like a 10% to 12% pullback.


Quite frankly I find myself in unfamiliar territory because the indicators are mixed and so I am stepping back and letting the market tell me what to do on a short-to-intermediate-term basis.”


Eric King:  “Sentiment today on gold is very close to what we saw at the bottom of the 2008/2009 collapse low.  We only have 3% more bulls today vs the 2008/2009 low, but gold is well over $600 higher in price.  I’m just curious what your thoughts are on gold and the bearish sentiment that is still in place, especially after the recent rally.”


Saut:  “We wrote about gold in December thinking it was making a tradable low.  Whether we go back down and test that low I’m not really sure, but my hunch is you have put in the cycle low on gold.  Whether gold continues to trade higher in the short-term remains to be seen.  It’s had a pretty good run.  We could be at a short-term high here, but longer-term I think gold trades higher.


As far as sentiment goes, I find that fairly typical.  When the stock market bottomed in 1974/1975, the big mutual fund craze that had built up in the late 1960s came to an abrupt end and people started liquidating their mutual funds in 1974, 1975, and 1976.  Quite frankly, there were net redemptions all the way into the mid-to-late 1980s. 


So psychology takes a pretty long time to turn.  If you’ll recall, Eric, back when gold was bottoming in the early 2000s, gold made a huge move off that $250 low before anybody believed gold was in a structural uptrend.  So the fact that we’ve had a pretty decent rally here and people don’t believe in the rally, I think that only adds to the bullish argument.”


Eric King:  “What about the gold chart you have been updating KWN on from time-to-time?  What does that gold chart look like?”


Saut:  “That chart has essentially shown red since the 4th quarter of 2012.  But the chart has just gone green for the first time in over a year, giving us a buy signal on gold (see chart below).  Now, keep in mind that this does not get the bottoms or the tops, but once it starts trending it tends to keep you in the move.  It will be very interesting to watch this over the next couple of weeks to see if this green extends on the upside.”





© 2014 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.


IMPORTANT - KWN will be releasing interviews all day today.


The audio interviews with Andrew Maguire, Andrew Huszar, Michael Pento, Art Cashin, Rick Rule, David Stockman, John Mauldin, Eric Sprott, Egon von Greyerz, Dr. Paul Craig Roberts, MEP Nigel Farage and Dr. Marc Faber are available now. Other recent KWN interviews include Jim Grant and Felix Zulauf -- to listen CLICK HERE.


Eric King

KingWorldNews.com

To return to BLOG click here.


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