SilverDoctors: 132 Million Ounces of Paper Silver Dumped in 30 Mi...

SilverDoctors: 132 Million Ounces of Paper Silver Dumped in 30 Mi...: Massive paper silver dumping continued with today's March FOMC statement.  Beginning exactly at 2:15 pm EST, 90 million ounces of paper si...

Farage - Yes, Germany & Switzerland Want Their Gold Back

With Europe desperately trying to stabilize the Greek crisis, today Nigel Farage told King World News that despite European leaders pretending everything is okay, there is total denial and the ceiling is falling in. He also said the Germans and Swiss want their gold back. But first, here is what Farage had to say about the ongoing crisis in Greece: “It was very odd, I mean we had Mr. Van Rompuy, President of the European Council and Mr. Barroso, the Commission President, in Parliament this morning and it was remarkable. Two speeches from the two big bosses, both saying everything is absolutely wonderful. We have no difficulties at all and the recent Greek agreement has all gone off very smoothly. There is absolutely nothing to worry about.”

Nigel Farage continues:


“Mr. Van Rompuy said the euro crisis had now been through a turning point and everything is going swimmingly. Nothing to worry about chaps, it’s all absolutely fine. I did, in response, take the mickey a little bit and I did allude that I was taking part in some giant, comic farce, where we try to pretend the world is great even though the ceiling is falling in as we’re saying it.

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Rule - $150 to $170 Oil, Gold, Fraud & Dangerous Times

With continued volatility in gold, silver and oil, today King World News interviewed Rick Rule, CEO of Sprott USA. Rule told KWN the world is out of $60 oil and maybe out of $70 oil. He also said the circumstances in Greece bring up the issue of moral hazard and the situation is extremely dangerous. Here is what Rule had to say: “I don’t know if it spins out of control, but it’s clearly fraud. Greece had an engineered default, which they chose not to call a default. This is just plain fraud and if you and I tried to do this, in the context of a private issue, we would go to jail. The fact that people who operate under a sovereign do it is very strange and very dangerous.”

Rick Rule continues:


“This situation brings up the issue of moral hazard. This causes people’s behavior to change. We are now living in the era of payback for moral hazards. The idea that you have this broadly sanctioned fraud, which holds harmless the idiots who bought Greek debt, this encourages the same type of behavior.

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John Hathaway - 9 Key Points for the Gold & Silver Markets

With continued volatility in the gold and silver markets, today King World News reached out to 40 year veteran John Hathaway. Hathaway is the prolific manager of the Tocqueville Gold Fund and he has achieved a 5-star rating from Morningstar. Hathaway sent KWN, exclusively, an outline of 9 key points in the gold and silver markets. Here is a portion of one of the 9 key points (all 9 points below): “The fact that gold has survived the negative news flow from the monetary and economic front is encouraging. If gold can withstand the apparently changing narrative that had underpinned a bullish stance on gold, it will be a sign of enormous strength.”

John Hathaway’s 9 key points sent to KWN:


Brief comments on recent market action and outlook for precious metals:


1.The recent sharp decline appears to have been another test of the December low of $1532/oz intraday. Gold fell to $1675 on March 9th from $1788 including a drop of $72 on February 29th. So far, the downside was contained near the 200 day moving average. From a purely technical standpoint, the uptrend in gold seems intact.

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Turk - Why Army of New Buyers Will be Entering Gold & Silver

With many investors worried about the recent action in gold and silver, today King World News interviewed James Turk out of Spain. Turk told King World News that an army of new buyers is going to enter the gold and silver markets. But first, here is what Turk had to say about the situation in Greece: “Greece remains a mess. All the bailout means is that the country has increased its debt by $30 billion euros. The Greeks couldn’t repay what they already owe and there is no way this new debt is going to be repaid either. Greece’s problem, as well as other over-indebted countries, means that we should continue to focus on precious metals.”

James Turk continues:


“Whether or not the CDS payouts on the Greek default lead to a full blown contagion, only time will tell. But one thing is certain, every party that owns a CDS on Greece and other sovereign debts is looking at them closely to determine if they will be paid and how they will be paid.

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