Today London metals trader Andrew Maguire told King World News that bullion banks are now panicking because the London gold hub is finally imploding. Maguire also warned the bullion banks are not the only one who are panicking. Below is what Maguire had to say in Part I of a powerful series of interviews that will be released. Maguire: “The paper markets are nothing more than a mirage, but due
There was a huge development reported in the silver market last week and how did the precious metal community respond? They basically ignored it. Go figure. So, I will try again to get the word out by presenting it in a different fashion. Indian silver demand was so strong this year, that…
Hedge funds added bullish gold wagers at the fastest pace since June as central bank action from China to Japan and Europe helped stem the rout in prices. The net-long position in New York futures and options expanded 56 percent, U.S. government data show…
With continued unprecedented trading action across the globe, today King World News spoke with the man who recently had a fireside chat with billionaire Frank Giustra. On the heels of his recent meeting with Giustra, he discussed a nightmare scenario that he expects will be the catalyst for global panic and $10,000 gold. Egon on Greyerz: “Eric, we have a world of record low or even negative interest rates and
On the heels of a rally in the U.S. dollar, gold and silver consolidating recent gains, and crude oil breaking below $60, today KWN is pleased to share one of the most powerful charts showing the relationship between general stocks and the gold and silver sector. This remarkable chart appears to finally be turning in favor of the metals. By Investors Intelligence December 11 (King World News) – “The Industrials
With gold near$1,230 and silver above $17 as the U.S. dollar and stocks rally, today one of the greats in the business answers the all-important question, what does the 40 percent collapse in oil prices mean for investors? There is some incredible information in this piece about the stunning collapse in the oil price. By Jeffrey Saut, Chief Investment Strategist at Raymond James December 11 (King World News) – “However,
With stocks rallying along with the dollar, and crude oil hitting $60, today one of the legends in the business includes a guest commentary about a region with trillions of dollars in wealth funds that is now shocking the world. This piece also covers a historic bank panic. Hopefully that is not a sign of things to come.
Today KWN is putting out a special piece which features two remarkable charts revealing the greatest opportunity in the war in the gold, silver, and oil markets. These are charts that the big banks follow closely, as well as big money and savvy professionals. David P. out of Europe sent us the two key charts along with his commentary. Below are the two key charts sent to KWN by David
With oil plunging near the $60 level and the Dow Jones falling close to 300 points, today an acclaimed money manager spoke with King World News about the historic trading in the gold, silver, and oil markets. Stephen Leeb also discussed what is next for gold, silver, and oil. Leeb: “Recently silver has been trading stronger than gold and commodities across the board were pretty firm yesterday. But the interesting
On the heels of another wild day of trading in global markets, today one of the legends in the business includes a guest commentary about a trigger that has the possibility of sending the world hurtling headlong into the next major financial crisis. By Art Cashin Director of Floor Operations at UBS December 10 (King World News) – “On this day in 1896, the boys at Wesleyan University in Connecticut
