Big Money Anticipating Another 1970s Style Gold Mania

July 19, 2013
Big Money Anticipating Another 1970s Style Gold Mania

Today one of the top CEO’s in the world told King World News that big money investors are positioning themselves ahead of what they believe will be another 1970s style mania in gold.  This interview is tremendous, and it will let KWN readers around the world see the gold market through the eyes of one of the greatest and well-respected veterans in the business.  Here is what Sean Boyd, CEO of $5 billion Agnico Eagle, had to say:  “We believe this is just a correction in gold and that it was orchestrated in the paper market.  The flip side has been incredibly strong physical demand and continued central bank buying.  We see this as a tremendous opportunity. Sean Boyd continues:  “Gold equities are at historic lows and the companies are working on their business models and putting together plans that will allow them to weather this volatility and be in a position to participate when gold moves higher.  We firmly believe this is just a short-term blip, and gold will go right back to the $1,800 level…. “This rise could take some time, perhaps as much as the next twelve months.  We look at this in terms of what happened

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Gold & The Most Remarkable Thing I’ve Seen In 50 Years

July 19, 2013
Gold & The Most Remarkable Thing I’ve Seen In 50 Years

With oil surging to $108, and the Dow Jones hitting all-time highs, today one of the savviest individuals in the business spoke with King World News about gold and the most remarkable thing he’s seen in 50 years.  Jeffrey Saut, who is Chief Investment Strategist for $360 billion Raymond James, also discussed stocks hitting all-time highs, the panicked shorts, and included a truly fascinating gold chart along with his comments. Saut:  “Today is day 137 of the longest buying stampede I have seen in my entire 50-year career, and possibly in history.  The previous record I have in my 50 years of notes ended at 53 trading sessions. We have not had four consecutive down days for the Dow so far this year.  But I think we are nearing an intermediate-term top…. “For the past two and a half months I have targeted tomorrow, July 19th, as the intermediate-top on both my quantitative timing and technical models.  So I think tomorrow is the potential turning point for the first meaningful decline of the year.  I have been raising cash for the past few weeks and I think this correction in the stock market will be roughly 10% to 12%. It’s just

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The Rise In Gold Because Of A Shortage Will Be Spectacular

July 19, 2013
The Rise In Gold Because Of A Shortage Will Be Spectacular

With continued propaganda coming out of the Fed, and Bernanke claiming he doesn’t understand gold, today King World News is pleased to share a piece with our global readers that was sent to us exclusively from Grant Williams out of Singapore. Grant told KWN he wanted to do a follow-up piece to the one he recently released which garnered so much attention from around the world. Below is his exclusive piece for King World News. “Since the April smackdown in COMEX gold, physical metal has been pouring out of recognized warehouses and stockpiles as investors all over the world rush to perfect ownership of an asset that, when owned, unlevered, outside the banking system provides the ultimate hedge against market dislocations. It is incredibly rare to see the price of something falling so precipitously at the same time people are queuing around the block to buy it so what is going on?…. “The answer, I suspect, lies in the chart below:     The huge decline in the gold price coincides almost perfectly with the request by the Bundesbank to have 300 tonnes of gold held at the NY Fed returned to Germany – an operation which we are told

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IRS Employees Ordered to Send Tea Party Cases to IRS’s Only Obama Political Appointee

July 19, 2013
IRS Employees Ordered to Send Tea Party Cases to IRS’s Only Obama Political Appointee

IRS employees were ordered by their superiors–including Lois Lerner who pleaded the 5th Amendment against self-incrimination rather than testify in Congress–to send certain Tea Party tax-exemption applications to the office of the IRS‘s Chief Counsel, which was headed by William Wilkins, who at that time was the only Obama political appointee at the IRS, according to a letter released today by the House Committee on Oversight and Government Reform. “As a part of this ongoing investigation, the Committees have learned that the IRS Chief Counsel’s office in Washington, D.C. has been closely involved in some of the applications,” reads a letter released today by the House committees on Oversight and Government and Ways and Means. “Its involvement and demands for information about political activity during the 2010 election cycle appear to have caused systematic delays in the processing of Tea Party applications.” It further states, “ased on his decades of experience, determined he had enough facts to make recommendations whether to approve or deny the applications. … However, Mr. Hull’s recommendations were not carried out. Instead, according to Michael Seto, the head of Mr. Hull’s unit in Washington, Lois Lerner instructed that the Tea Party

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Obamacare: Mandatory HIV Tests Coming?

July 19, 2013
Obamacare: Mandatory HIV Tests Coming?

Obama seems to be addicted to signing unconstitutional executive orders. The latest mandate from on high may eventually result in mandatory HIV tests for everybody between the ages of 15 and 65 years. Of course, for now, this is just a “recommendation.” Funny thing about government recommendations, though, as that they eventually become mandatory, usually under some specious excuse of another. For instance, protecting children from guns or evil homeschoolers. Governments of every stripe love exploiting children. From Obama’s EO, posted on the White House website: Based on these and other data, recommendations for HIV testing and treatment have changed. The U.S. Preventive Services Task Force now recommends that clinicians screen all individuals ages 15 to 65 years for HIV, and the Department of Health and Human Services Guidelines for Use of Antiretroviral Agents now recommends offering treatment to all adolescents and adults diagnosed with HIV. Lucky for us, we won’t have to worry about this until 2015 when the “employer mandate” finally kicks in. Source: http://www.infowars.com/obamacare-mandatory-hiv-tests-coming

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Central Banks, Bullion Banks and the Physical Gold Market Conundrum

July 18, 2013
Central Banks, Bullion Banks and the Physical Gold Market Conundrum

The recent decline in gold prices and the drain from physical ETFs have been interpreted by the media as signaling the end of the gold bull market. However, our analysis of the supply and demand dynamics underlying the gold market does not support this thesis. For example, Non-Western Central Banks have been increasing their holdings of gold at a very rapid pace, going from 6,300 tonnes in Q1 2009 to more than 8,200 tonnes at the end of Q1 2013 (Figure 1a) while physical inventories are declining (Figure 1b) (or being raided, as we argued in the May 2013 Markets at a Glance)1 and physical demand from large (Figure 1c) and small (Figure 1d) scale buyers remains solid. Source: World Gold Council, Bloomberg, Hong Kong Census and Statistics Department Average premium calculated as the average premium for the following 1oz. coins, as reported by the Certified Coin Exchange (CCEX): American Eagle, Maple Leaf, Krugerrand, Philharmonic, Panda, Isle of Man and Kangaroo. In previous articles we have argued that Western Central Banks have been filling the supply gap to satisfy the demand for physical gold.2 As shown in Figure 1a above, the official amount of gold held in the Western Central Banks and

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