Silver Update 3/20/12 Silver Doctors

John Embry: $50 Downside on Gold but $1,000’s to the Upside

With continued volatility in gold and silver, and oil holding well above the $100 level, today King World News interviewed John Embry, Chief Investment Strategist of the $10 billion strong Sprott Asset Management. Embry told KWN gold has virtually no downside at these levels, but massive upside. Here is what Embry had to say: “I wouldn’t worry about it, I think you’re talking $50 to the downside on gold and thousands of dollars to the upside. These guys (manipulators) are really working on it relentlessly, which suggests to me there are more problems behind the scene than even I imagine.”

John Embry continues:


“They do not want the monetary policy central banks are embarked upon, which is as much money creation as necessary, they do not want people seeing the obvious alternative of gold and silver.

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John Hathaway - Gold is Making a Very Important Bottom

Today four decade veteran John Hathaway, told King World News that the gold market is making a very important bottom here. The prolific manager of the Tocqueville Gold Fund also said there is extraordinary value in the mining shares. Here are the critical observations by one of the most extraordinary 5-star rated Morningstar fund managers: “To me we are at the end of the correction that started last August when gold briefly peaked over $1,900, and the shares have really taken the brunt of it. Gold is down from $1,900 to $1,640, but the XAU is back to where it was in December.”

John Hathaway continues:


“We are making a very important bottom here. This is rock bottom sentiment and a buying opportunity. It’s tough to sell when they (mining shares) are making their highs and it’s tough to buy when they are making their lows. I’m astonished (at the mining shares), but here they are and they have great values.

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Leeb - Easing Policy in China to Create Boom in Commodities

Today acclaimed money manager Stephen Leeb told King World News a variety of factors has held back the commodity markets. Leeb also said China’s move into a policy of easing will seriously ramp up demand for key commodities, including precious metals. Leeb is Chairman & Chief Investment Officer of Leeb Capital Management. Here is what he had to say: “I can’t say gold’s overall performance has been disappointing. I expected it to be higher, but on the other hand it’s hard to be that discouraged. A better word is frustrated. Gold is definitely going to have its day, there is no doubt about it.”

Stephen Leeb continues:


“There are simply too many things working in favor of gold at this point. Gold production really hasn’t increased since 2001. That’s unheard of given the fact that during that time period gold has increased more than six fold in price. You have actually had a decline in gold production over that period as well.

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3/20/2012 -- ALERT! VERIFIED TRUE ! Mexico 7.9M Earthquake PRE-PLANNED = MAN MADE !!

By: dutchsinse den 20 mar 2012

This is profound and disturbing. There was a verified "drill" planned for March 20, 2012 in Mexico for a 7.9M earthquake "simulation".... also on a separate note.. Barack Obama's daughter was at the epicenter on spring break: WTH is going on?!

We need answers.. and I don't think (at this point) any of us are going to settle for "coincidence". Who has the weapon, and why are they using it.. that is the question at this point.