Andrew Maguire – We Are Witnessing A Major Paradigm Shift In The Gold Market

"After a volatile week of trading in key markets, today London metals trader Andrew Maguire told King World News that we are now witnessing a major paradigm shift in the gold market.

But first, below is a chart showing the price of gold (as reflected through the ETF GLD), after Andrew Maguire’s remarkable KWN interview just 14 days ago:

And Today…

Andrew Maguire:  “When you look at gold priced in British pounds, or euros, or the yuan, we are talking about the price of gold in those currencies already reaching 2013 levels.  So we are seeing big moves in gold in every currency and it’s beginning to spillover into dollar gold.  It all boils down to a paradigm shift that we are witnessing in the gold market at this point.  And I see a lot of…"

at http://kingworldnews.com/andrew-maguire-we-are-witnessing-a-paradigm-shift-in-the-gold-market/

ALERT: China Now Stockpiling Massive Amounts Of Silver As Well As Gold!

"With gold and silver surging on Friday, and the West’s desperate and massive money printing schemes as a backdrop, China is not only hoarding thousands of tonnes of gold, China is also now stockpiling massive amounts of silver.

“A military operation involves deception. Even though you are competent, appear to be incompetent. Though effective, appear to be ineffective…A military operation has no standard form – it goes by way of deception.” — “The Art of War” circa about 500 B.C., translation by Thomas Cleary.

(King World News) Stephen Leeb:  “The Art of War, putatively authored by Sun Tzu, is known to be a guide for Chinese leaders in any sort of contest from military warfare to what will define hegemony in this century:  fights over resources. How well is China doing in following the precepts of deception? Consider the following lead quote from a Thursday article printed by Bloomberg: “China, the world’s top consumer of base metals, will boost stockpiles, accelerate the closure of excess capacity, and provide tax breaks for producers as the country grapples with a raw-materials glut amid the slowest growth in decades.”…"

at http://kingworldnews.com/alert-china-now-stockpiling-massive-amounts-of-silver/

ALERT: James Turk – We Just Witnessed A Huge Wakeup Call For The World

"With crude oil surging 2.3 percent as the Dow moved toward the 18,000 level and gold and silver consolidated recent gains, today James Turk told King World News that what we just witnessed was a huge wakeup call for the world.

James Turk:  “Commodities are moving back to center stage, Eric. Last Friday’s unemployment report was a huge wakeup call…"

at http://kingworldnews.com/james-turk-we-just-witnessed-a-huge-wakeup-call-for-the-world/

With Economic Conditions Continuing To Deteriorate, This Is A Terrifying Statistic

"

With economic conditions continuing to deteriorate, this is a terrifying statistic.

John Embry:  “Eric, things certainly get more interesting by the day, although you would never know it by the action of the markets because they almost seem to be on autopilot…

Continue reading the John Embry interview below…"

at http://kingworldnews.com/this-is-a-terrifying-statistic/

Andrew Maguire – This Will Send The Price Of Gold Hurtling Into The $1,400s

"On the heels of Friday’s big dollar decline and surge in the price of gold and silver, today whistleblower and London metals trader Andrew Maguire spoke with King World News about what will send the price of gold hurtling into the $1,400s!

But first, below is a chart showing the price of gold (as reflected through the ETF GLD), after Andrew Maguire’s remarkable KWN interview just 5 days ago:..."

at http://kingworldnews.com/andrew-maguire-this-will-send-the-price-of-gold-hurtling-into-the-1400s/

Central Banks Will Always Fail to Control Prices

"SMALL INVESTMENT, BIG POTENTIAL. TheStreet's Stocks Under $10 has identified a handful of stocks with serious upside potential. See them FREE for 14-days. "In all my years in investing, there's one rule I've prized beyond every other: Always bet against central banks and with the real world ... Central banks and governments always try to maintain artificial levels, high or low, whether of a currency, a metal, wool, whatever. Usually these prices are absurd, and the market knows they're absurd. When a central bank is defending something -- whether it's gold at thirty-five dollars [when the U.S. used the gold standard] or the lira [Italy's old currency, before the euro] at eight hundred to the dollar -- the smart investor always goes the other way. It may take a while, but I promise you you'll come out ahead. It's a golden rule of investing." -- from Investment Biker, 1994"

at http://jimrogers1.blogspot.com.tr/2016/06/central-banks-will-always-fail-to.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+blogspot/WOHK+(Jim+Rogers+Blog)

Maguire Is Right – China Will Send The Prices Of Gold & Silver Into The Stratosphere

"With gold and silver surging on Friday, with the West’s desperate and massive money printing schemes as a backdrop, Andrew Maguire is right, China will send the price of gold and silver into the stratosphere.

“For China, gold’s strategic mission is to support the internationalization of the renminbi and be a strong support for China’s goals of becoming an economic power and realizing the ‘Chinese Dream.’  Gold is the only product that holds properties of a commodity and currency; it’s the most trusty asset on which modern fiat currency can be based. From a historical perspective, gold has played an irreplaceable role in times of financial and geopolitical crises and in protecting a country’s economic security.  It is this unique nature and function of gold that give it a glorious and holy role to play during the revitalization of the greatness of the Chinese people and the realization of the ‘Chinese Dream.’’’ — Song Xin

at http://kingworldnews.com/andrew-maguire-is-right-china-will-send-the-price-of-gold-silver-into-the-stratosphere/

This Financial Bubble Is 8 Times Bigger Than The 2008 Subprime Crisis

"Submitted by Simon Black via SovereignMan.com,

On July 1, 2005, the Chairman of then President George W. Bush’s Council of Economic Advisors told a reporter from CNBC that,

“We’ve never had a decline in house prices on a nationwide basis. So, what I think is more likely is that house prices will slow, maybe stabilize, might slow consumption spending a bit. I don’t think it’s gonna drive the economy too far from its full employment path, though.”

His name was Ben Bernanke. And within a year he would become Chairman of the Federal Reserve.

Of course, we now know that he was dead wrong.

The housing market crashed and dragged the US economy with it. And Bernanke spent his entire tenure as Fed chairman dealing with the consequences.

One of the chief culprits of this debacle was the collapse of the sub-prime bubble.

Banks had spent years making sweetheart home loans to just about anyone who wanted to borrow, including high risk ‘sub-prime’ borrowers who were often insolvent and had little prospect of honoring the terms of the loan.

When the bubble got into full swing, lending practices were so out of control that banks routinely offered no-money-down mortgages to subprime borrowers.

The deals got even sweeter, with banks making 102% and even 105% loans.

In other words, they would loan the entire purchase price of a home plus closing costs, and then kick in a little bit extra for the borrower to put in his/her pocket.

So basically these subprime home buyers were getting paid to borrow money.

Of course, we know how that all turned out. By 2008 the entire system crashed, and the post-game analysis had some pretty obvious conclusions:

Bad things tend to happen when you pay people to borrow money, especially when they’re not particularly creditworthy.

Thank goodness no one in finance engages in such risky behavior anymore!

Or do they?

Today, subprime is back.

There’s been a lot of talk lately about a growing bubble in the subprime auto loan market, and even student loans.

But the biggest subprime bubble of all is the negative interest loans being made to sovereign governments..."

at http://www.zerohedge.com/news/2016-06-04/financial-bubble-8-times-bigger-2008-subprime-crisis