Williams:  “I think you hit the nail on the head when you talked about the short squeeze.  Everyone thought that gold was going down through $1,200.  It held above its previous low and it’s turned around and spiked.  And as you would expect we’re seeing the mining stocks outperform significantly to the upside.  And having gone through a bunch of these technical levels, we’re seeing a pretty strong short squeeze (in gold)....

Continue reading the Grant Williams piece below...


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“Any of us that have been watching this and have seen just how oversold this sector has been and how unloved it’s been, we’ve been expecting this for a while.  The question is, ‘Where do we go from here?’  Do we follow through, and how far do we follow through?  So it’s a little early to say that we’re out of the woods, but I’m very encouraged by the action.”

Williams added:  “The wealth that’s being created is definitely going to a very small group of people.  And so you are getting a sense of what could happen in the gold market if you look at high-end real estate in London, or the art market.  You are seeing record prices and hundreds of millions being paid for paintings.  And you are seeing London apartments going for crazy amounts of money.

Now at some point a lot of the guys that this money has flowed down to are going to start to get more interested in gold.  And it’s going to happen in China, India, and it’s certainly going to happen in the West, although I think that’s going to take some time.

But take a look at the all-time records being broken in the art markets.  Take a look at high-end real estate, not just in London, but in New York, San Francisco, Vancouver, Sydney, all these places are seeing crazy amounts of money drive prices up to never before seen levels.

There is a lot less gold in the world than there is high-end real estate, and yet we are seeing all-time highs in those markets.  So I have absolutely no reason to think that gold is not going to break through to all-time highs.  And I think given it’s scarcity, the prices that we could see are astronomical.” The information above is just a small portion of Grant Williams’ remarkable KWN audio interview.  The audio interview is available now and you can listen to it by CLICKING HERE.

UPDATE - KWN has many more interviews being released today.

© 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 This material may not be published, broadcast, rewritten, or redistributed.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.

The audio interviews with Grant Williams, Andrew Maguire, James Turk, Jean-Marie Eveillard, Egon von Greyerz, Dr. Paul Craig Roberts, Ben Davies, David Stockman, Bill Fleckenstein, 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

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rewritten, or redistributed.  However, linking directly to the blog page is permitted and encouraged.

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