Man Who Predicted Collapse Of Euro Against Swiss Franc Makes Second Terrifying Prediction

Today the man who 52 days ago remarkably predicted the collapse of the euro against the Swiss franc just issued a second terrifying prediction.  This King World News interview takes a trip down the rabbit hole of desperate central banks, massive losses and total global collapse.

 

Eric King:  “Egon, the ECB has just announced this 1.1 trillion euro package in a desperate attempt to fight off deflation.”

Greyerz:  “These decisions by the central banks have virtually no impact whatsoever on the underlying economy over the longer-term.  They did what they had to do because the European banking system as well as the economy is in dire straits.

 

Central banks still believe that by printing money they can kick-start their economies and save the financial system.  That’s not the case.  There is no chance whatsoever to change the outcome of an indebted and bankrupt European economy….

“Even though this will have a short-term effect on markets, people need to understand that this just creates even more debt that will never be repaid.  But the ECB is now pushing on a string because, sadly, printing money is the only thing they know how to do.

As it becomes clear that this new money printing program is also a failure, the ECB will then accelerate the money printing.  This will have the effect of rapidly debasing the purchasing power of the euro and it will also lead to even more chaos in Europe.  It is of paramount importance that investors protect themselves against this coming wealth destruction.”

 

Disastrous Prediction Unfolds

 

Eric King:  “Egon, with remarkable precision you predicted what turned out to be a 58-sigma market-shocking move by the Swiss National Bank.  The former White House official, Dr. Philippa Malmgren, told King World News that faith in central banks has now been shattered after massive losses were incurred as a result of the Swiss National Bank going back on its guarantee to keep the peg in place.”

Greyerz:  “We don’t yet know what the total losses amount to in the aftermath of the Swiss National Bank’s historic decision but we know they are enormous.  The Swiss franc skyrocketed in seconds and the losses around the world are staggering and have already been sufficient to bring down foreign exchange houses and hedge funds.  But the losses are impacting the bigger banks and the central banks as well.

 

Swiss National Bank Still Has To Unwind Massive Losing Postions

As an example, the Swiss National Bank has a position of roughly 500 billion Swiss francs, mainly in euros and dollars.  The losses on those currency positions were around 30 percent on the first day.  So the Swiss National Bank is now sitting on an unrealized loss of about 80 billion Swiss francs.

 

In the coming months and years the SNB will have to reduce the size of its balance sheet.  So they will need to sell their euros and buy Swiss francs.  This is going to have the effect of further strengthening the Swiss franc, which will put even more pressure on the Swiss economy.  So it’s a vicious circle for them.

 

Total Global Collapse

 

This is what all central banks have done — they’ve trapped themselves in a corner.  They have zero or negative interest rates, they are printing more money, and they are buying more assets that they can’t sell and that are worth a lot less than they are paying for them.  So every single central bank in the world is bankrupt because they will never, ever get the price for their assets that they paid for them.  This is why the financial system will not survive, Eric, and a total global collapse is now in front of us.” ***ALSO JUST RELEASED: Paul Craig Roberts – The Whole World Is Staring Down The Barrel Of A Gun As Collapse Looms CLICK HERE.

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Disappearing Gold Inventories, Financial Collapse & The Fed

Today outspoken Hong Kong hedge fund manager William Kaye spoke with King World News about disappearing gold inventories, financial destruction and the Fed.  Kaye, who 25 years ago worked for Goldman Sachs in mergers and acquisitions and who is the founder of Pacific Group, had this to say in part I of an extraordinary written interview series which will be released today.

Kaye: “Stocks in our opinion have been driven higher by all of this cocaine from the Fed and the other central banks.  So we live in this financial Potemkin village in which stocks are overpriced.  I can’t give you a date as to when they will collapse, but I can tell you with great certainty that they will.

Bonds are widely overpriced with the obvious reason that the Fed itself is 70% of the US Treasury market.  So stocks and bonds are overpriced and everyone is printing money.  Just in the last week the ECB lowered rates and told you in the narrative they would lower them further....

“So the bias is to lower rates further to print more money, not less.  The Fed is already at zero and is injecting one trillion dollars a year at this rate, $85 billion a month into the system.  This is new money.  This is expansion of the Fed’s already huge balance sheet.

They are gaming the system by acting like there is a debate about it.  Charles Plosser comes out, and it’s like a kabuki theater.  And they use their hack, John Hilsenrath, who I’ve met, he’s been to my office, to come out and again try to put fear in the heart of investors, and scare honest people away from the only refuge that exists in the world, and that’s precious metals.  The actual tangible precious metals.

So Hilsenrath comes out with his piece, and at a time when the manipulation (of gold and silver) is getting extremely intense, and tries to plant this fear in people’s minds that the Fed will actually exit.  I’m here to tell you that there is no exit.

The reason there is no exit is as soon as they exit, or try, the system will collapse on itself.  The only thing keeping everything going in this fictional world is one trillion dollars per year, which almost exactly matches the size of the US government budget deficit.  This means until it does collapse it can keep going.  This is how it’s getting financed.

Then, take a look at what has happened in history when similar policies were followed.  Why would you want to own a currency that is being so thoroughly debased?  And it’s not just the Federal Reserve.  The ECB is doing the same thing.  The Bank of England is doing the same thing, and the most aggressive culprit of all now is the Bank of Japan.

So that’s the setup.  That’s the real world.  Pay no attention to Hilsenrath, he’s just a hack.  Pay no attention to the bullion banks who keep putting out these bear market reports and low forecasts for gold, trying to scare everybody out.  These are the same people who are short gold.

ABN AMRO is one of the most bearish banks on the price of gold.  ABN AMRO has already defaulted on gold.  In other words, they don’t have any gold.  About one month ago they sent a circular out telling their own customers who own their paper which says, you own gold, ‘Don’t call us and redeem this paper for gold.’

So ABN AMRO doesn’t have any gold.  And if you check the public information, JP Morgan has almost no gold.  They are at modern era record lows in their warehouses.  The COMEX, as of the last report I looked at, had under 200 tons of gold.  That’s also a modern era record low, against enormous liabilities to deliver gold.”

The information above was part I of a written interview series which will be released today with the outspoken hedge fund manager from Hong Kong.  Kaye, who roughly 25 years ago worked for Goldman Sachs in mergers and acquisitions, discusses the desperate situation Western central planners face in the physical gold market, and what is happening with global demand and the plunge in available inventories.  The incredible audio interview with William Kaye is available now and you can listen to it by CLICKING HERE.

Maguire - There Is Absolutely No Physical Gold For Sale

On the heels of a cascade of selling in gold and silver, today whistleblower Andrew Maguire spoke with King World News about the extraordinary intervention which took place in both of these markets.  Maguire also told KWN about the staggering amount of physical gold tonnage that Eastern central banks were attempting to buy today alone, in a market that, remarkably, is not seeing any supply.  Below is what Maguire had to say in part II of his remarkable and exclusive interview. 

</frame>

Maguire:  “It’s pure short selling in the paper market, and the focus of all of this all is to reach and target as many long-stops as possible which they have done this afternoon.  Then they can obviously cover these paper short sales.

Historically, in order to succeed when the official sellers have come in, they have relied on being able to back up the paper market interventions with real physical supply, albeit, hypothecated or re-hypothecated, borrowed or leased bullion....

“It’s easy to look at the technicals today and see this cascade down, that’s the long stops being tripped.  But what we are seeing now is none of the physical supply is appearing.  None of it is going to back up these sales.  So this is a clear sign of weakness. 

Now the bullion banks are really trading the Fed’s ‘virtual market book,’ but they are constrained.  They are really constrained as to how far they can push these paper prices because the ... Eastern hemisphere central banks, who are competing with each other to buy (physical) bullion, these are the guys that are picking up this discount.  This (smash in gold) results in an exponential ramp-up in their physical buying. 

All they (central planners) are doing is delaying an extremely disorderly rebound (in the price of gold).  Give it a few days because at least 90 tons of central bank buying today was seen below $1,550, into the afternoon fix (in London).  As we cascade down here you can guarantee that what they (Eastern buyers) are doing is ‘spot indexing,’ which is basically locking in the price in the paper market and will allocate that at an upcoming fix (in London). 

So I give it (at the most) two to three days before this has a massive rebound effect, and the short fuel above the market now is at absolutely unprecedented levels.” 

Maguire also added: “The fact that official sellers are even more reliant on massive coordination on mainstream media and verbal interventions to back up these virtual sales, it’s not going unnoticed by Middle-Eastern and Eastern centric central banks and sovereigns.”

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Next Move May Be A Stunning $3,620 For Gold & $125 Silver

The following charts were put together exclusively for King World News by Kevin Wides, out of Switzerland.  Once again, this is a way for all King World News readers globally to take an important step back and look at the big picture in both gold and silver as we head into 2013.  These charts show the next pulse higher for gold and silver may stretch to $3,620 and $125, respectively.   

The chart below shows consolidations in gold since 2005 and the subsequent price moves higher.  You can see from the angle of the curve that the next trajectory move for gold should be above $3,000.  If you look at the move in gold following the first consolidation of 71 weeks, once gold broke out it advanced roughly 50%. 

After the second consolidation on the chart, which lasted 77 weeks, once gold broke out the advance was 90%.  If gold advances 50% after taking out of the recent all-time high, the projected target for the advance would be $2,880.  If gold sees a 90% move after the breakout, that would target $3,620.

The silver chart below shows the important moves and consolidations since the advance began in 2003.  Note that the last consolidation lasted 91 weeks.  After silver was then able to break out above the $21 resistance area, it subsequently advanced roughly 150%.  If silver were to replicate a move of that magnitude, after breaking the recent high of nearly $50, it would put the next target for silver at a staggering $125. 

The lesson here reminds me once again of the great quote from Jesse Livermore:

“And right here let me say one thing:  After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this:  It never was my thinking that made the big money for me.  It always was my sitting.  Got that?  My sitting tight!  It is no trick at all to be right on the market.  You always find lots of early bulls in bull markets and early bears in bear markets. 

I’ve known many men who were right at exactly the right time, and began buying and selling stocks when prices were at the very level which should show the greatest profit.  And their experience invariably matched mine – that is, they made no real money out of it.  Men who can both be right and sit tight are uncommon.  I found it one of the hardest things to learn.  But it is only after a stock operator has firmly grasped this that he can make big money.”

You have to buy into bull markets as early as possible and hold on to your position during violent gut wrenching corrections.  The very reason I have quoted Livermore so often is that few human beings have the capability to capture the vast majority of an entire bull move.  It takes incredible fortitude and discipline.

Some people may be concerned about the volatility in gold and silver and many of them will get shaken out of this bull market.  Somewhere down the road there will be a mania and investors will have to live through it one way or another, either holding positions or watching in despair as the bull market advances without them.

Original Source

Leeb - This Will Be The Most Frightening Period Of My Lifetime

Today acclaimed money manager Stephen Leeb told King World News, “The first piece of data I look at, and I do it around 1AM to 2 AM every morning, is how the Chinese yuan is performing.  Recently the Chinese yuan staged a very dramatic breakout.  It is effectively at all-time highs since China let the yuan semi-float around 20 years ago

Stephen Leeb continues:

“There has been a great deal of political pressure put on China to strengthen the yuan.  The Chinese are responding to their transition to a new leadership.  China’s new leader and leadership should be incredibly strong going forward.  They will prepare the Chinese for the 21st century....

“We know this is going to involve more rounds of infrastructure.  Many people say China has overbuilt.  They say China has too much of everything.  This is just nonsense.  Regardless, China’s buildout is going to require a great deal of steel, copper, and yes, silver.

The Chinese leadership needs to worry about future water, silver, and gold supply needs.  On the flip side, a think tank just reported that China has 17 minerals that the West will need.  So China has a bit of a monopoly on certain critical materials.

But China isn’t just going to need gold, silver, and water.  They will also need oil.  What the IEA is saying is a complete joke.  These were the same people that were saying that Saudi Arabia was going to produce 20 million barrels of oil.  Now they are saying US oil production will be greater than that of Saudi Arabia by 2020.

These are crazy times, but yes, China knows they will need gold, silver and oil.  There is surprisingly little gold left in this world.  There is very little left in the ground.  This is one of the major reasons why you see major mining companies having so much trouble with production, even though gold has been in a 12-year uptrend. 

These major just can’t increase production, and increasing capital costs are hurting them as well.  This is why I believe gold, silver and the junior mining shares are set to rise dramatically.  I think this is especially true for the junior miners because that’s the only place where you can find meaningful supplies of incremental gold.

If you look at the hedge fund Baupost, it has one of the best track records over the past 25 years.  Baupost is a major holder of at least three junior gold mines.  These are mines that may not produce gold for at least 5, 7, or even 8 years. 

But Baupost sees it.  They get it.  So investors should own physical gold, physical silver, and they should also invest in quality shares in this space because these junior gold stocks could go up 30-fold over the next 5 to 8 years.  This will happen as people realize they have to own gold because paper money is becoming more and more worthless.

I would also add that this period in front of us is probably going to be the most frightening period of my lifetime, and I’ve been around, and I can tell you the way for investors to weather this storm is going to be through the gold and silver space.”

“There has been a great deal of political pressure put on China to strengthen the yuan.  The Chinese are responding to their transition to a new leadership.  China’s new leader and leadership should be incredibly strong going forward.  They will prepare the Chinese for the 21st century....

 

t;/frame>Stephen Leeb continues:

大戶要實金 ....棄 paper gold

Greyerz - High Net Worth Investors Pouring Money Into Gold

資深黃金分析家 Egon von Greyerz  透露，德意志銀行 Deutsche Bank 的高資產值客戶，越來越多向他們購買實金。另外，巴克萊 Barclays 亦正在完成建造歐洲最大的貴金屬倉庫，來替客戶存放他們的金。這證明越來越人對紙上資產 (paper wealth) 沒有信心。但他提醒大家徹勿把黃金存入銀行管理的倉庫，因為難以提防銀行私底下動用客戶的金。
  

現時由於工人罷工，南非金礦的產量減少了40%。AngloGold 更完全停產。但即使沒有這些有利因素，他對金價非常看好。他認為金價的調整期已經結束。今年內，金價會升至 US$2,000，而銀價則升至US$50。

他警告說，金融危機的下個一階段就是貨幣開始崩潰，包括美元在內。金價將會反映這個情況。現時大家可以察覺到實貨金和紙金的價格距離擴大。擁有實金的人越來越不願意以紙金的價錢出售他們手上的貨。各人到時會明白實貨才有價值，而憑空發放的紙金合約只不過是廢紙。 

他繼續說，到此的量化寬鬆只不過是個開始。在未來可見的日子，發放的銀紙會是以數十萬億，甚至數百萬億的計算。現時歐央行的帳目上有四萬億歐羅，但它卻借出或保擔的債務達十二萬億歐羅，而這些資產統統都是廢物。歐央行其實已經是個窮廣蛋。 

英國銀行體制亦如是。英國的銀行是全球槓桿律最高。在過去五年，英國央行購入的垃圾債務就增加了五倍。 

瑞士央行亦與是。過去五年，購入的垃圾債務增加了五倍。瑞士最大的兩間銀行的垃圾資產就是全國GDP的七倍(700%)。所以瑞士法郎與其他貨幣一樣有問題。全球的貨幣都是齊齊向著懸崖走。 

全球金融體制崩潰之下，投資者會搶購黃金白銀。金和銀價必然暴脹，因為實貨的金和銀市是很細小很細小。

Original Source 

What Hedge Funds Are Now Doing In the Gold & Silver Markets

With gold breaking $1,700 and silver nearing the $33 level, today King World News spoke with acclaimed trader Dan Norcini to get his take on where we are in the gold and silver markets after this latest move.  Norcini was quick to lay out the position of the hedge funds in both of these markets as they are seen as a key driver.

“The gold market has a great deal of momentum behind it and the round number of $1,700 is important because those round numbers can sometimes slow an advance in a market like gold. 

We’ll have to wait and see if gold can run right through $1,700 or if it needs to do some work here to get through that area.  If you notice, today gold had cleared $1,700 comfortably, but it has now retreated right back down to that level.

If we look at the silver market, in the past, the commercials had a record 66,000 contract net short position in silver, but currently they are at 47,000 contracts net short, including options.  It is also true that the hedge funds have room to add long positions in the silver market as well. 

But this might shock some people, the swap dealers are still net long the silver market.  The swap dealers have been reducing that long position by selling to the hedge fund buyers.  So there is still the potential for the silver market to continue to experience some significant upside.”

Norcini concluded: “What you can bring away from this, Eric, is that hedge fund money has been largely absent from the gold and silver markets.  So the driver to move these markets higher is coming back in with this hedge fund buying.  There is a very healthy interest now in the hedge fund community to be in both the gold and silver markets, and this has the potential to continue to fuel this rally.

This is one of the reasons why, over the past 30 days, the price dips have been very shallow in both of these markets.  The hedge funds are buying the dips and keeping retracements to a minimum.  As long as they continue to buy the dips, I expect these metals to continue trending higher.”

KWN has just released an incredibly powerful interview with one of the greats.  Dr. Marc Faber discusses everything from gold and silver, to investment allocations, confiscation fears, dangerous trends, protecting oneself, central planners, inflation and much more. The KWN audio with Dr. Marc Faber is available now and you can listen to it by CLICKING HERE.

 Original Source

Leeb - Bernanke, Europe, China & The Surge In Gold & Silver

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Today acclaimed money manager Stephen Leeb told King World News that he expects the Fed will in fact ease at their September meeting.  Leeb also discussed the strong move in gold and silver, but first, here is what Leeb had to say regarding Bernanke and the Fed: “I think what investors clearly wanted to hear from Bernanke is that he’s ready to ease on monetary policy, and that he’s ready to open the floodgates again.  That, combined with a much more docile Merkel, and news today that China’s copper demand might be a lot stronger than people think, and you really had a trifecta here today.”

Stephen Leeb continues:

“The Bernanke story is right in front of us.  What he said, and he made this crystal clear, is the economy is very disappointing to him.  He also used a very strong adjective to describe unemployment, and he stated he’s going to do whatever he can about it.  The language he used, the adjectives he used, suggested he’s ready to do something, Eric.

That something is pumping up and putting more money into the system.  So I think it’s clear, from Bernanke’s statement, that he probably will ease in September....

“The politics of this cuts both ways here, Eric, in the sense that if he were not to ease in September, and then start getting crummy economic data thereafter, he would be forced to ease maybe on the eve of the election.  Unless we get unbelievably good economic data, I think he will ease in September.

Obviously if he doesn’t, then there will be a disappointment in the gold market.  But if you look at both gold and silver today, they have surged higher on this news.  I still believe that, regardless, Germany is going to ease, and I think China is starting to grow, and I think the odds are extremely high that the Fed will ease.

Let’s face it, the guy’s (Bernanke’s) job is on the line.  So I think there is a lot of pressure on him to ease, especially given what he said today.  He’s saying the onus is on the economy to show its growing much stronger than it has been, or else he will ease in September.

We will see an employment report, and if it’s a barnburner where 300,000 to 400,000 jobs are created, he probably won’t ease.  But if it’s anything like the reports we have seen recently, yes, he’s going to ease.”

Leeb also added:  “At the same time Europe is ready to buy bonds, otherwise known as quantitative easing.  China has also been easing, but it isn’t apparent this has had any real effect.  The number of bulls on China has dropped to nearly zero recently, and then all of the sudden a story appears this morning that China’s copper demand is a lot more robust than anyone thought.

One thing you can count on China to do is not let the world know how things are going.  You put this together and you have a very strong and powerful trifecta.  Far more than 50% of the world’s economy are the three blocs of China, Europe and the US, and the way this is shaping up is so bullish for gold.

China’s has the willingness, and almost desperate desire to acquire gold.  They know they are going to need a hard currency.  And Bernanke’s remarks this morning, that’s going to push them even harder to do something about this.”

Leeb had this to say regarding silver: “Silver is also a monetary metal and people who can’t afford to go out and buy an ounce of gold can go out and buy silver coins.  So silver should continue to be a strong performer going forward as well.”

An Absolutely Stunning Development In The Silver Market

Today King World News is reporting on an absolutely stunning development, this time in the silver market.  Acclaimed commodity trader Dan Norcini told KWN that in the silver market, “... the hedge fund outright short position is the largest position that I’ve got on my records going back to the beginning of 2007.  We’re talking about a five and a half year period.” 

Norcini also noted there would be a huge move in silver, “if they (hedge funds shorts) get caught on the wrong side of that market ... because all of those shorts are going to head to the exits at the same time.”

The acclaimed trader also discussed hegde fund problems in the gold market, but first, Bill Haynes, President of CMI Gold & Silver, had this to say about QE:  “Eric, it’s guaranteed, it’s just a question of when.  Probably within a few weeks.  Subastian Mallaby, a contributing editor to the Financial Times and a member of the Council on Foreign Relations, in Wednesday’s Financial Times, chided Bernanke and the Fed for not showing some audacity, some aggressiveness in attacking the problem of an economy that will not get going.”

Bill Haynes continues:

“Mallaby congratulated Bernanke for his massive money creation in 2008, and said the market needs more of the same.  But Mallaby criticized Bernanke for buying only Treasury bills today, noting that in 2008/2009 the Fed bought ‘toxic securities.’  He also said that the Fed backstopped the money market funds.  It was an aggressive move.  It was the type of thing they expected the Fed to do, but that’s not what’s going on now.   

You don’t get any more establishment than the Council on Foreign Relations, and these people are (now) saying that the Fed needs to do something (more QE)....

Dan Norcini noted this stunning development in the silver market:  “One of the things I’ve noted here is the hedge fund outright short positions, we’re just talking about the number of outright short positions that the hedge funds have in the silver market, it is the largest position that I’ve got on my records going back to the beginning of 2007.

We’re talking about a five and a half year period.  What this shows you is that the hedge funds have been making some pretty decent size bets on the short side of silver.  And, again, if they get caught on the wrong side of that market, and all of the sudden you get a round of QE coming, you are going to have an awful lot of potential for some (big) buying in (that market) because all of those shorts are going to head to the exits at the same time. 

(This will also) bring in some new money on the long side of the market.  If that’s the case, you’ll see upside resistance levels on silver get violated very quickly (because of the short squeeze).”

Norcini had this to say about hedge fund problems in the gold market: “The hedge fund community, which is the driver of markets in today’s trading environment, hedge funds move these markets, it’s just that simple, and those guys had been betting against gold.  They had their smallest net long position going all the way back to the middle of December of 2008.  We are talking about a three and a half year period here, Eric.

Many of them were playing gold from the short side of the market, looking for a breakdown.  What happened was Draghi caught all of them off guard.  These short positions that were trying to push this market down, into what was considered Asian buying below the market, those shorts had nowhere to go when Draghi came out with his comments, so out they went.

Their buying took it up through $1,600.  What the COT report is showing us is that the swap dealers, again, those strong hands we had been mentioning the last two weeks, they continue to build a net long position in the gold market.  The swap dealers are net longs, the hedge funds had a small net long position after putting on some fresh shorts, the commercials, the big bullion banks, had a relatively small net short position by (historical) comparison. 

So all of the ingredients are in place if you get an upside violation of any technical resistance level.  You’ve got a lot of potential (upside) movement as these guys decide to come back into this gold market.  In other words, there is a type of vacuum (to the upside) that could be filled if big money starts committing to gold in a hurry again.

We will certainly get that if gold takes out $1,640 next week, and particularly if you start taking out some more upside resistance levels.  You’ve got an awful lot of shorts that are in trouble in that gold market.”

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All Hell is Going to Break Loose on the Upside in Gold

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所謂代客戶存放黃金的銀行，其實已經沒有黃金了。

一般客戶都不知道這個事實，還乖乖地定期向銀行繳付倉租。這個醜聞一旦爆發，事情可以是非常嚴重。 根據 Eric Sprott 所說，某客戶在 2009 年存放了實金入某銀行。

 2011 年他到銀行提取黃金時，要等了很久，銀行才能夠把黃金交給他。還有，他發覺金條上的年份是 2011 年的，而不是 2009 年。

這樣證明銀行是自行把他的金拿走了，而要花時間找別的金條代替。
暫時這種行為還沒有大量暴光，還未變成新聞。

但是，由於世界的金融和貨幣問題不斷惡化，遲早都會出現人們對貨幣欠缺信心的問題，到時候很多存放了實金在銀行的客戶都會到銀行提取他們的金。當他們發現原來多年來是白納了倉租，而黃金早已不存在，這就不得了。

這個情況與一般的銀行擠兌大有不同之處。如果人們到銀行提取銀紙，這個則不是問題，因為政府可以多印些銀紙來挽救銀行。但如果人們要提取的是實金，那就沒有辦法了。到時政府只好強行容許銀向客戶以銀紙代替實金償還。到時政府就會實行外匯管制。到時金價可能已經升至 8,000 到 10,000美元了。

到時政府會加快大量發鈔，使銀紙的價值更加不保。情況會是非常糟糕。 大家對黃金短期內的劣勢不必太擔憂，相信金價不會由現時價格再有大的跌幅，因為稍稍在現價位之下有大量的實貨需求，使金價難以跌穿這個防線。

 FateAndTheFuture 附註﹕ 1933年，美國政府輕而易舉地沒收人民的黃金。今天不同了。沒有任何一個政府有勇氣宣佈沒收黃金，因為此舉會立刻觸發人民大舉拋棄法定貨幣（所謂的銀紙），因為政府要出此一據就是變相宣佈銀行破產，政府無法償還所欠的債務，自1971年起建基於債務的法定貨幣和金融體制之徹底失敗。

 政府以沒收黃金來嘗試挽救其虛無的貨幣，就是以卵擊石一樣。黃金會即時消失，而政府的貨幣則墮入超級通脹的惡性循環。


沒收黃金就是政府尋死的最快捷途徑﹗﹗﹗ 所以不論是印度政府，或越南政府，或土耳其政府，或伊朗政府，都只好出術，利用人的貪念，引誘人民把黃金“交託銀行保管”，換取利息。如果這些人真的上吊，就是太愚蠢了。

至於歐美的政府，他們就以期貨市場的紙黃金高槓桿遊戲，來操控金價，不讓金價真實反映貨幣的貶值，令人民蒙在鼓裡，讓政府透過通脹來盜取他們辛苦血汗得來的積蓄。

 簡單說，今天的政府只可以利用人的愚昧和貪婪，再以“教育和主流資訊”配合，來捍衛“官方銀紙”。騙取人民的黃金還可以。強行沒收民間的黃金就是不可行的。

Billionaire Hugo Salinas Price - Elites Plan to Control the World

Elites Plan to Control the World

今天億萬富翁Salinas Price
告訴金氏世界新聞(KWN)一個驚人的消息，
這是一個會讓人類不安的事實，
內容是一個可怕計畫一"控制世界"。


Salinas Price說:
“Eric，西方國家根本不會積極的去解決我們所看到的問題。
近幾十年來西方一直是福利國家。
但在我看來福利國家早就透露出“社會主義的光芒"。 
現在已經不只看到社會主義的光芒了，而是已經要變成完全成熟的社會主義了“ 


是甚麼原因造成西方國家債務的爆炸性成長，
因為稅收遠比不上統治階層的支出。
這些當權的人，不希望放棄自己的權利力，
他們的計畫會將西方國家變成社會主義。


各個國家的中央銀行將不得不跟著做。
這是一個非常令人不安的事實，社會主義即將到來。


這意味著工業文明的必然下降，世界人口的貧困化不可避免。
隨著時間的進展，這個地球上的人口將會下降。
經濟會更集中的受到政府的控制。
這會降低效能與產能，會導致更進一步的貧窮化。
這是我看到相當嚴峻的前景。


統治階層的精英們，誰也不想放棄自己的控制權，
但是其實權力是來自於人民，
那些控制世界的人都知道他們要討好的人的青睞。
要做到這一點，他們就是使用福利國家的方式。  
就像這些福利國家到處灑錢，這就是精英看世界的角度。
我們將繼續看到精英維護他們的權力所使出的各種手段。


Salinas Price也警告說：
“意大利和西班牙已經實施了現金交易的限制。
任何高於2,500歐元的交易必須用信用卡支付。
這印證了社會主義的趨勢，各種管制會越來越嚴格。
這也是我從美國看到世界的未來。
舉個例子美國已經有4650萬人在靠食物券過日子。
面對這樣的環境每個人都應該找個東西，當成'真正的'錢來儲備，
因為政府會繼續印鈔票灑錢，任意產生新的法定貨幣。
而對於現金的使用，我們也看到有越來越多限制，人們需要為此做好準備。“


金氏世界新聞多年來的採訪經驗，
當Salinas Price說到'真正的'錢時，
我相信他是指黃金和白銀。
他喜歡實體白銀，
因為在金融系統崩潰時，白銀會更容易換到商品或服務。

Rick Rule：黃金，白銀，石油，全球金融風暴下的平靜市場

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/3/28_Rick_Rule_-_Gold,_Silver,_Oil,_Global_Turmoil_%26_Quiet_Markets.html
 
今日KWN採訪了美國Sprott的CEO-"Rick Rule"，
Rick Rule表示，
我們會看到全球市場劇烈波動，而且還會與日遽增：
“不過，為甚麼全球經濟這樣的動亂，市場卻能夠如此的安靜呢。
我懷疑市場一直被歐洲央行與聯準會伸出的黑手給控制。“
 
Rick Rule繼續：
“我們的政府明顯的是站在消費者這邊，
並且對著儲蓄戶開戰。
如果你收到錢，並把錢存到銀行，就要開始面對通貨膨脹。
所以本來人們是會儲蓄的，但是這些錢會被迫投入各種高風險的市場之中。"
 
而能源方面Rick Rule說：
“我們可以發現一件事情很有趣。
全球正因為能源的迫切需求造成油價上漲。
讀者也許還記得，當利比亞的生產線關閉，
減少了每日1.2~1.3萬桶的產能(約佔世界總產量的1.5％)，
結果導致石油價格上升了22％。
這是一個很明顯的事實，全球石油產量是非常緊繃的。"
 
Rick Rule也說到了黃金與白銀:
“KWN讀者或聽眾可以仔細的觀察這個世界，
大部分的民眾仍然喜歡政府發行的紙貨幣。
但是要說到真正的儲存財富當然還是黃金與白銀。
 
雖然最近黃金和白銀的價格已經趨緩，
但是以長期來看，
他們是更誠實的貨幣媒介，也更具有儲存財富的價值。"
 

Greyerz：增加120兆債務，金價有甚麼反映

http://kingworldnews.com

Egon von Greyerz告訴金氏世界新聞，在這過去的十年裡，全球債務激增了140%，
而全球政府欠下了這麼多錢，對於我們的經濟卻沒有甚麼助力，GDP也成長無幾，
反而這筆熱錢開始跑到了黃金市場來了，使得金價也開始有所反應。

Egon von Greyerz：
“如果想成為一個投資人，有宏觀的視野是非常重要的，
你應該要能看透這個金融市場未來數年會有甚麼反映，
我們不但要回顧歷史，也要了解在過去的歷史中有哪些例外。“

“人類在20世紀初開始繁榮了起來，大量印鈔是很重要的一個因素。
1900年起的前50年，政府每欠下1美元的債務，可以促成5美元的GDP。
所以在美國，政府欠下的債務可以創造出五倍的GDP出來。
但是在過去的11年來，每美元債務創造出的GDP僅有6美分而已。
從可以創造5美元GDP掉到現在的6美分GDP。這可說是不可思議的跌幅。 “ 

“印太多的鈔票的結果，那就是收益率會下降，
但現在的情況不只是收益下降而已，我們可以稱它為崩盤。
不只是在美國，現在是全球聯手瘋狂印鈔，希望藉此來推動GDP的成長。


在過去的十多年，債務已經從80兆美元上升到200兆美元，
稍微計算一下，我們增加了120兆美元的債務或140%的債務。
你能想像這對世界會有甚麼影響嗎。

首先，我們知道，黃金雖然已經開始反應全球債務過高的問題。
但是到目前為止黃金占全球金融資產的比例還不到1％，
我們還沒看到黃金市場真正的行情。


不管投資人是在1600美元購買黃金還是1800美元購買黃金，
就長期而言都無關緊要。
重點是它們是否買了實體黃金，保護了他們的財富。
我相信新一輪的QE會繼續出現，金價也會在那時啟動。
我們離金價升空的時間已經越來越近了。“

Egon von Greyerz也提到了白銀：
“當銀價突破了35美元某個壓力點關卡後，就會快速噴出，
政府會推出一些打壓金價銀價的計畫，但這只是拖延戰術罷了，
一旦進行干預我們會購買更多的黃金與白銀。“

London Trader - Sovereign Gold Buyers to Raise Their Bids

好一句

"Why would the West give China that gold at discounted prices? "

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:  “Every time they have conducted raids in the paper market they lose more and more physical gold and we work from a higher level in terms of price.  Right now we have washed an awful lot of the hot, weak money out of the gold market.”

The London Trader continues:

“This is when you see things turn and the manipulators rip it to the upside.  There are buy stops on the upside that are attractive for them to target at this point.  Traders are also watching the US dollar now because tomorrow the Iranians are scheduled to start trading oil in currencies other than the dollar.  This is clearly an attack on the dollar by the Iranians.

The Iranians are claiming the West saying Iran’s nuclear program is a threat is all nonsense.  It’s merely an excuse because the US will threaten and attempt to take down any country which threatens the reserve currency status of the dollar -- the same way the US took down Saddam Hussein and Moammar Gadhafi.

In this type of environment, the only people placing bets for lower prices in gold are momentum traders.  In the real world there is physical gold being carted away in bullion trucks because of the dip.  More and more tonnage is disappearing. 

“I read this report the other day by one of the bullion banks which said they think that four or five tons of physical gold got delivered.  This is 100% false and complete propaganda.  We know of at least 50 tons that went on the first day of the intervention alone.  This propaganda from the bullion banks is out there because people are concerned the physical gold is disappearing.

So they put a low number on the physical off-take, but how is their propaganda any different than the German propaganda in 1944 which told their people they were winning the war?  The day of the intervention, they sold 600 tons of paper gold in the first four hours of the selloff.  

600 tons of paper gold went in four hours and you don’t think that 50 tons of that went to a central bank or a sovereign?  That was just the large buyers.  That 50 tons doesn’t even include the smaller players.

So there is a great deal of physical off-take occurring and now you have this enveloping horn of a dollar attack.  I don’t see how they can keep pressuring gold much longer in this environment.  I am convinced leased gold was used in the recent takedown in the gold market.  So that gold has to now be repurchased.

The 50 tons of physical gold taken on the 29th of last month was just the start of some very large drawdowns of physical metal.  The bullion banks also know there are stacks of orders from sovereigns at lower levels, so they have to be careful how they handle the tape here.  

For what it’s worth, those sovereign orders are looking to move to higher levels.  At the same time the bullion banks are harvesting the weak-handed COMEX players.  So if they have 10,000 contracts to cover into, they could care less if that costs them 5 tons of physical gold when they drop the price a bit.

This is why the bullion banks will probably counter sovereigns raising their bids by moving gold back above the 200 day moving average.  This would be done by the bullion banks to prevent those sovereign orders from being filled, even when they are raised. 

On a separate note, those that have been calling for gold to collapse to $1,200 are completely unaware of what is taking place in the physical market.  Who is going to sell it down to those levels?  Hypothetically, if it were to drop below $1,600, China would literally be buying hundreds of tons of gold.

Why would the West give China that gold at discounted prices?  Yes, the bullion banks act on behalf of the central banks to manipulate the price, they act as agents, but the central banks and their agents are also aware that the Chinese are building up their gold reserves.  This is the bigger picture which the gold bears do not understand.”

http://kingworldnews.com 

博德斯基：美國基礎貨幣會爆炸成長到17兆

http://kingworldnews.com


在黃金白銀出現劇烈波動之際，
今日金氏世界新聞(KWN)特地來採訪博德斯基(Brodsky)，
請教一下這時候該採取甚麼樣的策略，
博德斯基(Brodsky)是QB資產管理公司的共同創辦人，
他公司的布局以及他看到的事情如下：
“以宏觀的角度來看，經濟狀況只是一灘死水，根本不會動
而從世界各地銀行資產與基礎貨幣來分析，
貴金屬可說是非常的便宜。“

博德斯基(Brodsky)繼續說到：
“有趣的是歷史會一再的重演，
像目前這種情況，就是想要長期持有貴金屬的一個絕佳買入機會。
我們可以看到期貨的交易影響了實體黃金白銀的價格，
我們可以趁這個機會購買實體黃金白銀。“

“如果你回頭看看布雷頓森林貨幣估價模型，
以貨幣基礎以及官方黃金儲備文件來做為評估，
進而計算出每盎司35美元的價格。“

如果今日你以相同的方式計算，金價應該是在每盎司10000美元左右。
這是因為聯準會自2008年以來增加基礎貨幣215%的結果。
當然們看到金價短期的飆漲，總會回應說
“金價已經漲太多了啦、這太瘋狂了啦、已經是末升段了啦“
但是如果你瞭解他應有的價值，就知道目前是嚴重被低估，
所以我們不關心目前金價走勢到底如何。

Rick Rule - Gold & Silver Plunge Has Quality Assets on Sale

“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.”

“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. 

I guess some people were encouraged by what they heard Bernanke say last week.  They and I must have heard a different speech because I wasn’t particularly encouraged....

“So, as I say, I am personally delighted to see soft days in gold and silver and I’m even more delighted to see soft days in gold and silver stocks.  Many of these equities are reasonably valued and on their way to becoming cheap.  

Many or your readers will remember this from personal experience, there were truly spectacular buying opportunities during corrections in the 1970s gold bull market as gold ran from $35 to $850.  The pullbacks were opportunities, but only for those who had the presence of mind, the cash and the courage to buy. 

Attention bargain shoppers, do you like ‘blue light’ specials?  We just had a day where something you want to buy went on sale.  Some people are bothered by this.  I don’t understand this, Eric.  When something you want to buy gets cheap, the world is doing you a favor.

When I think about where I have the opportunity to allocate my wealth, I believe gold, silver, the resource sector and select mining shares are the place to be.  So, I’m happy to see decent assets go on sale that I think will preserve my purchasing power over time.”

Rule also had this to say regarding the mining shares:  “Buy and hold is a great strategy (in the mining sector), but you have to know your companies well.  It’s all about stock picking.  If you have good gold stocks, many of them are genuinely cheap.

Could they (mining shares) get cheaper?  Of course.  Eric, for those readers that can, they should be ready to participate in the private placement market.  A lot of these companies are going to have to come to market and it’s going to be market conditions that determine the pricing of those issues.

Obviously if somebody came to market today, they would have had to discount the issue fairly dramatically to sell it.  From a buyers point of view that’s good.  But, Eric, what’s really important is that your readers, which are involved in the gold stocks, come to know their gold stocks well enough that they have the courage of their convictions.”


http://kingworldnews.com 

Turk – Something Big is About to Happen in Gold & Silver

With gold near $1,770 and silver near $35.50, today King World News interviewed James Turk out of Spain.  Turk told King World News the fact that silver is not pulling back is an indication of how strong that market is right now.  Here is what Turk had to say about the situation:  “This is a great start to the week for the precious metals, Eric.  We need to see this kind of strength to make sure both gold and silver follow through in the next few trading days to confirm the big gains from last week where gold climbed 2.9%, while silver soared 6.4%.  It is remarkable to see both metals hold their gains with no profit taking.  Clearly, traders see something big is about to happen, and so do I.”

James Turk continues:

“In this regard, I have mentioned several times my expectation that once resistance at $35 is taken out, silver will climb to $68-$70 in 2 to 3 months.  I still expect that outcome, but of course, only time will tell.  I thought it might be tough going for silver in the $35-$36 area, but maybe not based on the strength we are seeing today.  

But regardless, Eric, I expect the silver price will begin to accelerate to the upside once $36 is hurdled.  In many ways silver is positioned today like it was back in the summer of 2010.  Long-time KWN listeners will remember the events from back then and my bullish views about silver.  I feel the same way today.”

When asked about gold, Turk responded, “We spoke in the last blog about the relationship between oil and gold, which was up 2.9% last week.  Oil jumped a remarkable 6.3%.  With all the money printing going on in central banks around the world, not to even mention the growing tensions in the Middle East, oil looks ready to test its record highs some time this year....

“So KWN readers have to remember that right now so goes oil, so goes gold.  It is also quite possible that gold will outperform oil by the end of the year.  But the bottom line is the wind is at the back of the bulls in both the gold and oil markets.

I follow this like you do, Eric, on a daily basis, but I look at it differently.  I look at the price of crude oil in terms of gold and since the beginning of 2012 gold has been outperforming crude oil.   This relationship between oil and gold goes back decades.  Today an ounce of gold buys basically the same amount of crude oil it did 60 years ago.  

But you do get some fluctuations in this relationship and right now I expect the purchasing power of gold to increase.  What I am saying is that an ounce of gold at the end of the year will buy more oil than it does today.   

I am a firm believer in letting the market tell its own story, Eric.  The market does this with the movement in prices.  Then, if we watch closely, we can see important trends.  By jumping on those trends and riding them, you position yourself in harmony with what the market is telling you, which is important.  

You always want to be in harmony with the major trend in prices.  As they say time and again, never fight the market.  So here's the point I am making, Eric.  Events so far this year have been extraordinary. The markets are signaling it.  In reality, events are spinning out of control.

Despite this new bailout scheme being foisted on Greece, the situation there continues to spiral out of control, which is one of the factors causing confidence in the safety of European banks to continue eroding.  

Surprisingly, over the weekend, the Telegraph in London reported comments by George Osborne, the British Chancellor, who said, ‘The British Government has run out of money because all the money was spent in the good years.’  Finally, a political leader came out and said what everyone has been ignoring.  While I applaud Osborne for telling the truth, the frightening reality and what everyone has been ignoring is governments around the world are broke.”

This is why it is so important to be outside of the banking system by having a portion of your assets in physical gold and silver.  Governments are broke and much of the banking system is insolvent.

kingworldnews.com/

PENTO：貨幣供應量與通貨膨脹

今天PENTO告訴金氏世界新聞，
許多地方的貨幣供給率和通貨膨脹已經開始爆炸。
PENTO認為大家手上的錢已經燒起來了，
全球投資者都需來快點保護自己。

PENTO首先說到希臘的狀況：
＂希臘人的步驟是對的。
他們的計畫就是承認他們的債務，並漸漸的走向違約破產。
不只是希臘需要這麼做，義大利、葡萄牙、西班牙也都需要這麼做。

PENTO繼續說：
“因為全世界各地的央行行長都認為，通貨膨漲等於經濟成長，
他們拼命的對無力償債的國家灑錢。
其實這種情況歷史一再的重演，在匈牙利、波斯尼亞，阿根廷，德國魏瑪都有發生過。
但是事實上通貨膨脹根本不能保護你的資產，
而這些央行行長卻依然堅持貨幣債務化的方式來使自己破產。

日本、歐洲和美洲的發達國家，都已經滿足破產的條件了。
歐洲央行現在已經推出第二輪的債券購買計劃。
第一輪是大約5000億歐元，第二輪金額應該差異不大。

我們都知道柏南克已經把聯準會的資產負債表膨脹了2兆美元。
這使得M2(貨幣供應量)激增，在過去六個月跟去年同期比較增加了10~12%。

所以，雖然電視上那個人告訴我們現在通縮的問題很嚴重，
但是你回頭看看石油、食品的進口價格卻出現明顯的通膨。
油價已經漲到105美元已上了，以這個季節來說這可是歷史最高價。
然而，柏南克宣稱沒有通貨膨脹的問題，還說我們現在面對的問題是通貨緊縮。
並一再的強調通貨膨脹上升的速度不夠快。
花一分鐘思考一下，他的意思不就是說美元價值下跌的速度不夠快嗎?

你手上的貨幣就這樣被通貨膨脹給燒掉了。
所以我簡直不敢相信，你怎麼可能相信手上的紙幣呢?

http://kingworldnews.com

貨幣就像自來水一樣的流出

 金氏世界新聞今天採訪了25年的老將凱撒布萊恩(Caesar Bryan)。
凱撒布萊恩(Caesar Bryan)是賈貝利黃金基金的經理，賈貝利公司管理的資產31億美元以上。

布萊恩的黃金基金成立於1994年，主要投資項目就是黃金。
凱撒布萊恩(Caesar Bryan)說：
“這一周是很重要的關鍵。首先，日本當局已經透過銀行對市場進行干預，
對市場注入資金，加強流動性，並削弱日圓的匯率。
其次，英國央行宣布，他們會再度故買資產。
也就是說，許多國家的央行都在世界各地繼續灑錢。

我們問到凱撒布萊恩(Caesar Bryan)關於黃金的看法，
凱撒布萊恩(Caesar Bryan)說：
黃金非常的好。特別是海外的需求非常強勁，
不過在美國的黃金市場卻顯得比較疲弱。
雖然目前的金價沒有特別的走勢，
但是只要到了關鍵點金價會忽然快速突破歷史高點。

其實你只需要注意一件事，那就是各國中央銀行是否在繼續印鈔票，
美國的QE3看起來也只是時間上的問題罷了。
歐洲央行在2/29的融資總額可能高達1兆美元。
現在的貨幣就像打開的水龍頭，各國都在大量製造貨幣，
實際上，大多數的央行都希望能有一些通膨。
從長遠的角度來看，黃金走勢會非常有看頭。
在這種背景下，黃金唯一能做的就是金價大幅走高。
金錢可以隨意創造，而黃金卻只能緩慢的開採。“

http://kingworldnews.com/