James Dines - Gold, Silver & A New Super-Major Bull Market

"With key global markets recently in turmoil, and gold and silver surging strongly, King World News interviewed legendary James Dines to get his take on the historic events which are now taking place.  Dines covered gold, silver, stocks, geopolitical upheaval, and so much more.  He also announced the beginning of a “New Super-Major Bull Market.”  Below is what legendary forecaster had to say in this powerful interview.

 

Dines:  “Remember, gold moves on its own cycle.  It has come down with the whole raw materials crash in China, and it’s dragged down every single raw material including rare earths, uranium, everything.  But gold is different.  Curiously enough we have been getting an upturn in some of these rare earths and uraniums.  They seem to be moving together for some reason.  The answer to that is probably somewhere deep in mass psychology. 

But the most important thing to remember about the geopolitical situation is that gold is a hedge against two things:  Currency debasement, in other words too much printing of phony paper money, and also geopolitical fears....

“And that’s happening in the Middle-East.  That’s expressing itself in Egypt right now.  The violence is going to get much worse.  And of course whenever there is trouble around the Suez Canal, the prices of oil and shoots up.  Why?  Because the people in those areas are uncertain about their currencies -- will they be there tomorrow?

So they swing their money into gold, and to some extent silver.  That’s what’s happening now.  Gold will move generally, but not precisely, against or opposite the stock market -- not every day but generally. 

 

The Dines ‘Wolf Pack’ theory says that groups of similar economic backgrounds tend to move together.  You will note that all of the metals tend to move together -- gold, silver, platinum, and palladium.  We flashed a buy signal on gold again recently, and we think they (the metals) look higher.

 

It depends on whether there will be peace in the Middle-East or what’s going to happen.  The area is in turmoil.  It’s historic.  The area is seething, and worse than that there is an eery collection of coincidences relating back to the 1930s.  (As an example) the popularity of Superman is an interesting resurgence..."

 

at http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/8/17_James_Dines_-_Gold,_Silver_%26_A_New_Super-Major_Bull_Market.html