SUMMARY DECEMBER

John Embry - $2,500 to $3,000 Gold Could Send Silver to $250
December 8, 2011
With gold trading above $1,700 and silver over $32, today King World News interviewed John Embry, Chief Investment Strategist of the $10 billion strong Sprott Asset Management to get his take on where he sees gold, silver and the mining shares headed.  When asked if there was any chance for the central planners to save the system, Embry said, “Zero.  I’m a huge believer in Austrian economics, so you have to know where I’m coming from.  Ludwig von Mises, the Founder of Austrian economics, said it best, when you have an excessive credit cycle you only have two choices.”

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/12/8_Embry_-_$2,500_to_$3,000_Gold_Could_Send_Silver_to_$250.html

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James Turk - The Banking System is on the Verge of Collapse
(December 7, 2011)
With continued fears surrounding financial system stability, today King World News interviewed James Turk out of London to get his take on the situation.  When asked about the ongoing crisis, Turk responded, “You know I have been traveling around Europe quite a bit and there is one common trait, regardless which country I am in, people are really frightened about the possibility of a collapse of the euro.  Money continues to move out of the European banking system, which explains why central banks stepped in with some money printing last week.”

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/12/7_James_Turk_-_The_Banking_System_is_on_the_Verge_of_Collapse.html
Comments on MAX KEISER:
http://maxkeiser.com/2011/12/07/%E2%80%9Ceven-though-i%E2%80%99ve-been-saying-this-has-been-coming-last-week-was-truly-frightening-with-the-banking-system-ready-to-fall-into-the-abyss/#comments

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MARC FABER: Marc Faber: "I Have A Very Special Stock Tip For You. The Symbol Is G-O-L-D"   
(December 7, 2011)
It has been a while since the Marc Faber graced Zero Hedge. It is time to remedy that. Providing his traditional dose of snark, tragedy and realism, the Gloom, Boom and Doom report author spoke to Bloomberg TV, and when asked what his outlook for the euro is, dispensed the following pearl: "I have a very special stock tip for you. The symbol is g-o-l-d.
http://www.zerohedge.com/news/marc-faber-i-have-very-special-stock-tip-you-symbol-g-o-l-d


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Stephen Leeb - You Have to Love Gold Here
(November 14, 2011)
With gold trading near $1,780 and silver around $34, today King World News interviewed acclaimed money manager Stephen Leeb, Chairman & Chief Investment Officer of Leeb Capital Management.  When asked about the action in the metals, Leeb responded, “Gold has been very strong and now it’s consolidating.  I see absolutely no evidence whatsoever that it is going to reverse.  Can I say, definitely, it won’t go back to $1,600?  Of course not.  But is $5,000 more likely than $1,400?  Yes.  Is $5,000 extremely likely?  Yes.”

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/11/14_Stephen_Leeb_-_You_Have_to_Love_Gold_Here.html

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