In the aftermath of the brutal takedown in gold and silver, today the man who predicted the smash ahead of time spoke with King World News about what investors should expect next. William Kaye, who is one of the savviest and most well-connected hedge fund managers in the world, also told KWN exactly why the…
by RUSS WINTER OCTOBER 01, 2013 *** Free Article *** India’s disastrous attempt to restrict gold imports has crushed the country’s jewelry trade. India’s gold imports crashed 95% in August to just 2.5 tonnes from month before. That’s unsustainable. Additionally, prices in India are $35 above London spot. The government convened a high level meeting during which it heard from…
Published on Sep 30, 2013
David Morgan, a precious metals aficionado armed with degrees in finance and economics as well as engineering, created thehttp://Silver-Investor.com website and originated The Morgan Report, a monthly that covers economic news, overall financial health of the global economy, currency problems, and the key reasons for investing in precious metals. Morgan joins Elijah Johnson on http://FinanceAndLiberty.com to discuss the Federal Reserve’s recent decision to continue printing $85 billion each month to “stimulate the economy.” With no sign of an economic recovery, is the Fed really intending to help the economy? Morgan declares that the truth of the matter is, the Fed continues their printing to “keep the banking system, the ‘Too Big to Fails’ intact.”
Also in this interview, Johnson and Morgan review the recent announcement by U.S. Commodity Futures Trading Commission (CFTC) regarding silver market rigging, “Based upon the law and evidence as they exist at this time, there is not a viable basis to bring an enforcement action with respect to any firm or its employees related to our investigation of silver markets.” (http://CFTC.gov/PressRoom/PressReleas…) Are large banks and other entities manipulating the silver price or has the CFTC shown that no such conspiracy exists?
Lastly, U.S. Treasury secretary, Jack Lew, declaring that if Congress fails to raise the debt ceiling, “it would be impossible for the United States of America to meet all of its obligations for the first time in our history.” Will the U.S. debt ceiling be raised, inflating even further the debt bubble, or will the U.S. default for the first time in history? Stay tuned to find out all this and more!
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This interview was recorded on September 25th, 2013.
Disclaimer: The financial and political opinions expressed in this interview are those of the guest and not necessarily of “Finance and Liberty” or its staff. Opinions expressed in this video do not constitute personalized investment advice and should not be relied on for making investment decisions.
By Charles Savoie: New $100 bills are coming in early October 2013! Even though these can be created to infinity and cost little effort and resources to produce, we are demanded by authorities to accept these as worth several times more than an ounce of geologically depleted, essential silver! But should we use these new…
As global stock markets continue to struggle, today a man who has been involved in the financial markets for 50 years warned King World News that an ominous and looming danger “will create a horrific collapse that will shock the world.” Below is what John Embry had to say in this powerful interview. Embry: “I have been…
Gold finished Friday up +12.80 on light volume, and silver was up +0.07 to 21.80 also on light volume. The gold/silver ratio rose +0.39 to 61.33. Gold had a pair of stop-running raids to the upside today starting a few hours before the NY open, eventually touching 1345, hitting another high. Ever since breaking 1332…
Sep 29 2013, 02:24 Over the last few weeks it has been very quiet at the COMEX gold warehouses, but this week we saw one huge withdrawal out of eligible gold stocks that led to a new cyclical low for total COMEX gold inventories, and brought them down to a level not seen since 2005. Keeping…
Sep 28, 2013 By: Michael_Noonan If “they” can get you to ask the wrong questions[s], “they” do not have to worry about giving the right answer[s]. The question most have been asking is, why aren’t the prices of gold and silver reflecting the unprecedented huge demand and the almost depleted holdings of the exchanges and central…
There was no activity in or out of the COMEX warehouses yesterday, with only a small adjustment at Brinks. Here is an interview I did with Lars Schall yesterday. You may read at it here. Lars is a very personable and intelligent fellow, and did a good job of drawing out some comments, and coaxing me to put…
Related: Watch the Full Presentation: Sprott Precious Metals Round Table. Sprott, Faber, Rule, Emby.
It is somehow fitting that on the day when even more undisputed evidence is revealed [6], surrounding the most brazen market manipulation scheme in history – one involving the “unmanipulable” Libor benchmark rate which serves as the foundation for hundreds of trillions in interest rate sensitive instruments – that the CFTC would also come out moments ago,…
24 SEPTEMBER 2013 On Monday 173,582 ounces, or roughly five tonnes, of customer gold was withdrawn the HSBC warehouse. This takes the total gold in all of the COMEX warehouses to a new low of 6,860,160 ounces in 100 oz. bars. The portion of this that is deliverable or ‘dealer gold’ remains at 672,000 ounces.…
In last week’s report, we saw another quiet week in terms of COMEX gold inventories with registered inventories dropping slightly. This week’s COMEX registered gold inventories showed a slight gain for the first time in over two months, but the total weekly change was pretty much unchanged. Keeping track of COMEX inventories is something that is recommended…
All those happy momentum buyers of paper gold and silver, GLD and SLV, got a stiff gut check today, especially if they were playing the miners and ETFs with options, because gold and silver took a determined bear raid selloff in honor of the September triple witching expiration today. It happens four times per year.…
