08 March 2012
Keiser Report - Episode 259
Every week Max Keiser looks at all the scandal behind the financial news headlines. In this episode, Max Keiser and co-host Stacy Herbert discuss boating accidents with Shark Boy and Lava Girl and a futures market to lay off your Blythe Masters risk. In the second half of the show, Max talks to Dr. Michael Hudson about Modern Monetary Theory at the University of Missouri, Kansas City, and about...
London Trader - Massive Physical Silver Orders Filled Near $33
With many global investors concerned about the recent action in the silver market, King World News interviewed the “London Trader” to get his take on what has taken place in silver and what to look for going forward. Here is what the source had to say: “The Chinese are divesting out of paper right now. So we are seeing a huge uptick in euro physical silver purchases, as well as dollar silver purchases. When silver took out $33, a huge amount of physical orders were filled.”
The London Trader continues:
“The Chinese are doing the exact same thing in the silver market that they are doing in the gold market, massive accumulation on dips. It is also important to note that the local traders in silver are short and nervous. Everyone is short silver and so that market can move violently higher when it turns.
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The London Trader continues:
“The Chinese are doing the exact same thing in the silver market that they are doing in the gold market, massive accumulation on dips. It is also important to note that the local traders in silver are short and nervous. Everyone is short silver and so that market can move violently higher when it turns.
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Brodsky - US Money Base Will Explode to $15 - $17 Trillion
With tremendous volatility in gold and silver, today KWN wanted to speak with the firm that is calling for $10,000 gold to get their take on what readers should be focused on at this point. Paul Brodsky, who co-founded QB Asset Management Company, had this to say about his firm’s strategy and where he sees things headed: “The macroeconomics behind gold have never been more attractive. When we look at bank assets versus base money, across the world, it makes sense that they (precious metals) are fundamentally cheap.”
Paul Brodsky continues:
“It’s interesting we tend to have these takedowns every so often. When that happens, those of us who truly want to be long-term holders of precious metals see that as a buying opportunity. So when we see paper derivatives taking down the spot prices of gold and silver, we take a look at where we can buy physical (gold & silver) and where we can buy miners, which is, of course, physical in the ground....
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Paul Brodsky continues:
“It’s interesting we tend to have these takedowns every so often. When that happens, those of us who truly want to be long-term holders of precious metals see that as a buying opportunity. So when we see paper derivatives taking down the spot prices of gold and silver, we take a look at where we can buy physical (gold & silver) and where we can buy miners, which is, of course, physical in the ground....
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London Trader - 40+ Tons of Physical Gold Acquired Yesterday
With many global investors still concerned about the price of gold and silver, today King World News interviewed the “London Trader” to get his take on these markets. Here is what the source had to say: “Yesterday when we dropped through $1,700, you would not believe the amount of physical tonnage orders that filled. US centric traders tend to concentrate on the COMEX, but the real market is made in London.”
The London Trader continues:
“The commercials have been covering their short positions and the local traders are all short at this point. All of the guys who were long and vulnerable at the highs, are now short and vulnerable and this exactly what we need to make a bottom.
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The London Trader continues:
“The commercials have been covering their short positions and the local traders are all short at this point. All of the guys who were long and vulnerable at the highs, are now short and vulnerable and this exactly what we need to make a bottom.
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Rick Rule - Gold & Silver Plunge Has Quality Assets on Sale
With extraordinary volatility in gold and silver, today King World News interviewed Rick Rule, CEO of Sprott USA. Rule spoke with KWN about the recent action in gold and silver and what readers should focus on going forward. Here is what Rule had to say: “If you want to be long gold and silver, if you like real currencies as opposed to fiat currencies, you have to like days when you can buy it cheaply. I’ve been around this type of action for 35 years and I suspect, before I shed my mortal coil, I will purchase much more physical gold and silver bullion.”
Rick Rule continues:
“In order to do that I need days like this. People who have less faith in their own precepts and in their own studies might get shaken out by action like this and they might deserve to get shaken out. The reason being given (by the mainstream media) for the downturn in gold and silver is a return of confidence in the US dollar.
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Rick Rule continues:
“In order to do that I need days like this. People who have less faith in their own precepts and in their own studies might get shaken out by action like this and they might deserve to get shaken out. The reason being given (by the mainstream media) for the downturn in gold and silver is a return of confidence in the US dollar.
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