Today Jeffrey Saut told King World News, “… gold is still in a secular bull market.” Saut, who is Chief Investment Strategist for $360 billion Raymond James, also said, “Right now gold is testing the upper side of the trading range we’ve been in, and if it breaks out, I think it travels back up to the old highs, a little bit above $1900 an ounce.”
Today Mish warned King World News that investors should prepare, “… for a big plunge in economic growth worldwide.” Mish also said that despite the plunge in the global economy, “I expect to see gold breakout to the upside and I think we are starting to see that right now. The same thing is true for silver.”
But first, here is what Mish, who runs the Global Economic Analysis site, had to say regarding the plunge in economic activity: “We are seeing a decline in the global economy. China has slowed down dramatically, so any commodity exporters which export to China are slowing down as well. We’re already seeing this happen in countries like Australia. We are also starting to see the Australian housing market begin to crash.”
Today acclaimed money manager Stephen Leeb spoke with King World News about the “… major catalyst for the next leg in this bull market, a leg that I contend could easily take us into five digits (above $10,000) in gold.” Here is what Leeb, who is Chairman of Leeb Capital Management, had to say: “Gold had been up 8 days in a row and sort of flatlined today. Silver has been up for six days in a row, and it’s up almost another 1% today. These markets are catching on to something changing. One of the things that is changing is Europe. Merkel is no longer opposed, as she once was, to central bank buying of bonds.”
Today Egon von Greyerz told King World News, “This is going to be one of the fastest moves that we’ve seen in this bull market (in gold).” Greyerz, who is founder and managing partner at Matterhorn Asset Management out of Switzerland, also said, “… silver is going to move a lot faster than gold.” He also cautioned, “… The ascent is going to be mind boggling.”
Here is what Greyerz had to say: “Eric, this is a good day to talk because the breakout we have been talking about is happening here and now. It had to come, both technically and fundamentally. We are always looking at this market from a fundamental point of view, but the technicals are now confirming the breakout.”
In this interview, David Morgan offers his opinion on the very recent purchase of $200 million dollars of physical silver by Sprott as well as China’s large procurement of the shiny industrial and precious metal. What does this mean? What is the future of Chinese silver futures? In the middle of the summer doldrums, what about silver and gold stocks? In or stay out? Join Ellis Martin for another candid dialogue with Mr. Morgan.
The original article/video can be found at Ellis Martin Report with David Morgan–Silver: Are you in? Sprott and the Chinese are!
Ellis Martin interviews Michael McLellan, President of Gale Force Petroleum (OTCQX:GFPMF-TSX-V:GFP). Gale Force Petroleum is a company focused on acquiring and exploiting underdeveloped and undervalued oil and gas reserves in mature basins, bringing operational expertise and capital to lower-risk, development-type projects. Gale Force currently owns producing oil and gas properties in Texas, Oklahoma, Tennessee and West Virginia.
The original article/video can be found at Ellis Martin Report with Gale Force Petroleum (GFPMF)