Quote of the Week/Commentary:
We are very close to where the upside explosion in gold is going to begin. There are millions of despondent gold holders right now but if they look at the quarterly chart below they will see that we are just a few bucks away from the end of what has been a brutal bear market ($1,160 on the trendline)…
“At the same time you will see a collapse in stocks that will only be rivaled by the crash and subsequent Great Depression the world witnessed after stocks began to collapse in 1929. This time stocks will be buried fast and gold will be taking off to the upside like a rocket…
The reversal in the gold market is going to create the biggest move of all. All you have to do is look at that quarterly chart above and you can see that each move has accelerated and is much bigger than the last one. And if the line holds, which I think it will, the next move will be even more spectacular than the massive surge in gold in the previous leg where gold tripled in price. Meaning, this last move in gold will be pretty damn big to the upside -- that’s the way this (is) unfolding and no government or syndicate of banks can stop it.
--Ron Rosen in a King World News interview, October 6, 2014 (The entire interview can be found here: http://tinyurl.com/kztjkvh
Headlines and Links of Interest (The headline is the hyperlink):
Goldcorp CEO visits Australia and predicts 'peak gold' next year
Chinese gold buying picks up after holiday; Indian premiums rise
Swiss National Bank Explains Why it is Against Repatriating Gold
Lawrence Williams: Silver in supply deficit but price unmoved so far
The Morgan Report (TMR)
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The October issue of The Morgan Report is now available for subscribers. In this month's Editorial, David Morgan takes a look at the "natural order" of things, then moves into discussing his views about the current price of silver and how it may fare over the near to intermediate term.
This issue deals with the intriguing topic of "How to force the shorts to make you buy silver dirt cheap, and get paid for doing so..."
Next up is a "full meal deal" discussion about a mining company Special Situation for Speculators, followed by the always-informative Letters to the Editor and Asset Allocation sections.
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