Wednesday, November 28, 2012

15 Year of Resistance in Gold and Silver to be Crushed

"There will ultimately only be one resolution to these games which are being played, and that is a massive explosion in the price of gold and silver. I’m never going to be happy until I see gold up $100 and silver up several dollars in one day because then I will know that the resistance which has constantly been there for 15 years has finally been overcome. We are now getting very close to seeing that event take place.”

- John Embry via a recent King World News interview, read the full interview here:

Saturday, November 24, 2012

Wealthy Investors Continue to Buy Gold

"We just had reports that both Paulson and Soros have been adding to their gold positions, which now total roughly $4 billion. It doesn’t surprise me that they are adding to positions. My suspicion is that in the coming months we are going to see more reports of large and influential investors doing the same thing.”

- Rick Rule, via a recent Kind World News interview, read the full interview here:

Monday, November 19, 2012

Niall Ferguson - The Rise of China



"Harvard Professor Niall Ferguson talks to GoldMoney's Alasdair Macleod about global politics, with special emphasis on China's prospects and challenges in the years ahead.

They discuss the political and economic situation in China, and the need for the Chinese government to start privatising state enterprises, reshape the country's rule of law and globalise the renminbi. For Ferguson, the key question is whether or not Beijing will introduce reliable private property rights so that the rising middle class can feel secure.

China fears that its large dollar claims will be worth much less in the future. Besides complaining about this, they are looking for ways to diversify their wealth and revenue stream. Ferguson points out though that there are limits to their ability to secure hard assets. They also discuss China's relationship with Russia and its role in the Shanghai Cooperation Organisation.

Ferguson states that the gold flow from "the West to the Rest" is reflective of declining Western power. The world's centre of gravity is shifting east -- a shift that is going to continue, and that is taking place at an extremely fast pace when looked at in a historical context. Though China's economic expansion could slow, Ferguson expects another 20 years of solid growth before demographic problems force the country's economy to stall.

Finally they talk about Japan's debt problems and the faulty design of the European currency union. Though Ferguson expects the eurozone to stay together, he expects a Japanese-style "lost decade" -- and one sadly lacking in Japanese-style social harmony."

- Source, GoldMoney Research:

Friday, November 16, 2012

Kyle Bass - Very Few Get the Crisis Correct

"Hayman Capital Management's Kyle Bass talks the European debt crisis. He speaks with Bloomberg's Stephanie Ruhle on Bloomberg Television's Market Makers."

- Source Bloomberg TV:

http://www.bloomberg.com/video/kyle-bass-very-few-get-the-crisis-correct-GZ5Fsll9RF~yT8xyt6hsuA.html

Sunday, November 11, 2012

Bill Gross - It's a Grand Canyon

"US fiscal cliff deeper than advertised. Its a Grand Canyon. Washington will defer entitlement cuts & raise revenues only marginally."

- Bill Gross via a recent twitter comment:

Tuesday, November 6, 2012

The Gold Shorts are Panicking

“It would not surprise me to see a melt-up as the day progresses after-hours or overnight if gold clears $1,720 and does not fall back. Gold could head quite rapidly to $1,740. The strange thing about this is the dollar has barely budged in all of this, so we have to keep an eye on the integrity of this move.

The trading is all about momentum and panicked short covering right now...."

- Trade Dan Norcini via a recent King World News interview, read the full interview here: