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."
--> Click to Continue Stephen Leeb continues:
Nov. 9. 2011
With stocks plunging, the dollar rallying and the situation in Italy spinning out of control,
today King World News interviewed James Turk out of Spain to get his take on what is happening.
When asked about Italy and if we should expect more bank failures, Turk replied,
“We had a major development here in Europe today, Eric.
Yields on the ten year Italian bond soared to over 7%.
The 7% hurdle is considered critical because once Greece and Ireland went over 7%,
they turned to the EU for a bail out. So the thinking now is that Italy needs a bail out too,
but here’s the problem. Italy has two trillion euros of debt.
That’s greater than the total amount of debt owned by Greece, Ireland, Portugal and Spain combined.”
