When Larry Summers stood up and called for Negative Interest rates, people were shocked. However, such stunts are all coordinated. This was a trial balloon so that the government can judge the reaction of an idea before its time. Negative Interest Rates are in the cards. So get use to the idea. These people cannot see what they are doing to the economy.
With continued uncertainty around the globe, today a man who has been involved in the financial markets for 50 years, and whose business partner is billionaire Eric Sprott, spoke with King World News about mega-bubbles and the disastrous end game for the United States. John Embry also discussed what this means for investors around the world in his powerful KWN interview.
Embry: “I sense a change
Top U.S. silver mining company Coeur Mining Inc (NYSE:CDE) spoke with International Business Times about its business, the silver market and industry, and the corporate culture within mining companies.
On the heels of gold and silver surging, today a man who has been trading major markets for over four decades spoke with King World News about the the ongoing war in the metals markets and today’s rally in gold and silver. Below is what James Turk had to say in his powerful interview.
Turk: “It is reassuring to see today’s bounce
From the small team here to every single one of our readers, have a really great Christmas and a prosperous New Year.
Have a sparkling break and come back refreshed for what will no doubt be another year full of surprises.
All the best,
Bob, Sam and Joe.
Brent Johnson, CEO of Santiago Capital, was recently on CNBC. “Buy gold if you believe in math,” he told viewers. Since he is a friend, I followed up with him on a call.
“Longer term, I think gold goes to $5,000 over a number of years. If they continue to print money at the current rate
Dec 2, 2013
It’s rare that I go on a tour to a company that I have never heard of, but it happened when I went to visit Sierra Metals (SMT-T) a week ago. I’d make the pitiful claim that I didn’t know them because they changed their name a year ago from Dia Brias except for the fact I had never heard of Dia Brias either.
In any case,
During the latter part of the gold bull market mining stocks failed to keep pace with the yellow metal and have underperformed ever since. Given the bear market that gold is now in, it was clear to us that the mining sector would take a beating. In line with this view we have been making profitable short trades throughout the year on the poor performing sector, and have closed two more this week.
On November 19th we issued a signal to our subscribers, recommending that they buy DUST, an ETF that is triple short the gold mining sector, at $34.45. Once gold broke through $1260, we doubled our position as we allocated another 5% of our portfolio to the trade at $41.60. This meant 20% of our portfolio was allocated to this 3x leveraged ETF.
With continued chaos around the world and uncertainty in global markets, today KWN is publishing a powerful piece that was written by a 60-year market veteran. The Godfather of newsletter writers, Richard Russell, discussed the continued smash in gold, as well as the short selling of gold by the bears. Russell went on to mention the action stocks, the US dollar, danger for a major market, and he included 3 fantastic charts.
Richard Russell: “The inflationists and gold-haters have been able to drive gold down to a new low