“This Will Trigger A Tidal Wave Of Short Covering In Gold”

With Ben Bernanke ready to deliver his semi-annual monetary policy report to Congress starting today, a legend in the business warned King World News about what is going to “trigger a tidal wave of short covering in gold.” Keith Barron, who consults with major companies around the world and is responsible for one of the largest gold discoveries in the last quarter century, also spoke with KWN about the massive global demand for both gold and silver and what he is directly experiencing in the marketplace.

Barron: “Right now I am focused on the gold price. We are up over $100 off the lows on gold and silver has broken through $20. All of this is thanks to Bernanke, who shot himself in the foot yet again with talk about tapering QE again. This trashed the stock market briefly and had spectacularly chaotic consequences in the bond market as well….

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“Anyway, the net effect was this caused a tremendous amount of disruption in key markets and I think he was chastised for that. So he came out with a speech and it was a complete turnaround from the FOMC minutes. The 180 degree turn was, ‘all systems go, and keep the printing presses going.’

Source: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/7/17_This_Will_Trigger_A_Tidal_Wave_Of_Short_Covering_In_Gold.html

Here Is The Summer Catalyst Which Will Launch Gold Higher

On the heels of the release of the Fed minutes, and with crude oil trading above $105, today a legend in the business spoke with King World News about what is taking place in the gold, silver and bond markets, as well as what is taking place in Europe. Keith Barron, who consults with major companies around the world and is responsible for one of the largest gold discoveries in the last quarter century, also cautioned that we should expect to see more fireworks coming out of Europe this summer which will impact the gold market.

Barron: “Today the FOMC minutes came out for June. The gold price bounced briefly before retreating. Clearly it scares all market participants if the word ‘tapering’ gets mentioned. The bottom line is that most Fed members were still in favor of continuing with QE because the job market continues to be weak.

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When Bernanke was interviewed about the effects of QE, he was asked why interest rates were going higher? He responded by saying he ‘was puzzled.’….

“Well, to anyone who understands economics, when you print massive amounts of money it always results in higher interest rates over time. It’s only because of government interference that bonds held up as long as they did. The bond market had also been resilient for a longer period of time because of the fact that the economy is not really in stagflation or deflation, it’s really in a depression.

Source: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/7/10_Here_Is_The_Summer_Catalyst_Which_Will_Launch_Gold_Higher.html

We Are Beginning To Approach The End Game

With tremendous volatility continuing in global markets this summer, John Williams, of Shadowstats, released an incredibly important report which contained an ominous warning.  Below is a key portion of this tremendous report, and King World News wanted to pass it along to our global readers:

Here is the ominous warning from John Williams of Shadowstats:

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Beginning to Approach the End Game.  “Nothing is normal: not the economy, not the financial system, not the financial markets and not the political system.  The financial system still remains in the throes and aftershocks of the 2008 panic and near-systemic collapse, and from the ongoing responses to same by the Federal Reserve and federal government.  Further panic is possible and hyperinflation remains inevitable.

Typical of an approaching, major turning point in the domestic- and global-market perceptions, bouts of extreme volatility and instability have been seen with increasing frequency in the financial markets, including equities, currencies and the monetary precious metals (gold and silver).  Consensus market expectations on the economy and Federal Reserve policy also have been in increasing flux.  The FOMC and Federal Reserve Chairman Ben Bernanke have put forth a plan for reducing and eventually ending quantitative easing in the form of QE3.  The tapering or cessation of QE3 is contingent upon the U.S. economy performing in line with overly-optimistic economic projections provided by the Fed.  Initially, market reaction pummeled stocks, bonds and gold.

Source: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/7/3_John_Williams_-_We_Are_Beginning_To_Approach_The_End_Game.html