This is exactly the kind of thing the late, great Richard Russell, the “Godfather” of newsletter writers, used to warn his readers about…
Records Broken At Art & Diamond Auctions!
November 14 (King World News) – This is exactly the kind of thing that the late, great Richard Russell, the “Godfather” of newsletter writers, used to keep an eye on — records being set at art and diamond auctions. From Bloomberg in May of this year:
Jean-Michel Basquiat’s painting of a skull sold for $110.5 million at Sotheby’s in New York, setting an auction record for American artists and providing a windfall for the daughter of two collectors who purchased it for $19,000 in 1984. The Basquiat propelled Sotheby’s auction results to $319 million in sales, a 32 percent increase from a year ago. Fifty lots were offered and all but two sold.
Now this today from Bloomberg:
A flawless 163-carat clear diamond fetched about $34 million at Christie’s in Geneva on Tuesday evening. The diamond…exceeded the auction house’s expectation of $25 million. The stone was the largest of its kind ever auctioned…It took more than 1,700 hours to create.
Gold & Silver
It is hard to say what the catalyst will be that sends the prices of gold and silver skyrocketing, but this is exactly the kind of thing (record breaking art and diamond auctions) you would expect to see as that moment approaches. Once the short positions KWN reported in the COT have been reversed, it should be one hell of a ride to the upside for patient holders of gold, silver, and the respective high-quality shares of the companies that mine them.
Speaking of gold…
In The Footsteps Of Giants
One of the top questions KWN receives from investors about the mining industry is always: “How do you know out of the thousands of companies there are to choose from which will take-off and which ones will falter?” The answer for smart money investors is always to look for proven leaders with previous success as a good indicator of future success. One individual that fits this description is pictured below with multi-billionaire Robert Friedland.
Multi-billionaire Robert Friedland chose this man to lead his expoloration team and it turned out to be a brilliant move because he was responsible for two of the largest and most important discoveries the world has ever seen while leading the team at Ivanhoe Mines. Investors across the globe are now following this man into his latest venture where he will help lead an exploration team where the CEO believes the team will deliver drill results that will send the stock price soaring more than 1,000 percent! Also, a legend in the business just made a 7-figure investment into this relatively unknown company. To get in on the ground floor and learn more about this remarkable company simply CLICK HERE.
***KWN has now released one of Bill Fleckenstein’s greatest interviews ever CLICK HERE OR ON THE IMAGE BELOW.
***ALSO JUST RELEASED: WARNING: Last Time We Saw Anything Like This Was Right Before March 2000 & January 2008 Collapses! CLICK HERE.
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