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.
December 11 (King World News) – “The Industrials (S5INDU) sector is failing at a major relative resistance level versus the PHLX Gold & Silver Index (XAU), the record high from 14 years ago. The spectacular run off the 2009 looks to be over. Investors may want to consider selling deteriorating industrials and then nibbling at the precious metal miners.”
King World News note: Investors Intelligence is confirming what the big money is doing right now such as billionaire Frank Giustra and others — they are moving money aggressively into the mining sector.
IMPORTANT – KWN has many more interviews being released today.
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The audio interviews with Stephen Leeb, Andrew Maguire, John Embry, Gerald Celente, Rick Rule, Bill Fleckenstein, Ben Davies, Greyerz-Turk-Stamm, David Stockman, William Kaye, Eric Sprott, Rick Santelli, John Mauldin and Marc Faber are available now. Other recent KWN interviews include Jim Grant and Felix Zulauf — to listen CLICK HERE.