King World News Interviews

King World News interviews John Hathaway, Ben Davies & James Turk.  Topics cover Gold/Silver, the Middle East, QE II and beyond, as well as the food crisis created by inflation, the U.S. Dollar's decline in status in the world as reserve currency and interest rates.

John Hathaway - Says the move in gold right now is due to geo-political unrest and the QE policies of the U.S. which is causing weakness in the U.S.  Between John and Ron Paul this is a make believe recovery and that the real unemployment rate is much higher than being reported.  If QE goes past June 30th, silver will go to 50/60 dollars per ounce.  John then goes on to talk about metals  (specifically gold/silver and the minors for both).  John says if we take out a new low of 71 then their could be a dollar panic, but currently is just hanging around the lows.

Ben Davies - Discusses how the revolts in the Middle East are becoming a domino effect and will be drawn out over the next decade having an impact on oil for quite a while.  He says that this problem is going to act very inflationary and will cause food, fertilizer and other prices to rise.  Ben believes the fact that the metals are going up isn't due to geopolitical risk, but due to tight supply.  Ben also discusses how Japan will increase QE and we may see strengthening in the Yen as a short term oddity.  

James Turk - Discusses the U.S. Dollar where we took out the 77 level and believes we are going to go lower from here.  He also talks about how the concept of the U.S. Dollar losing its status in the world is declining and will be a hard crash.  James points out that the dollar didn't bounce as it should have, as the safe haven currency, with all the unrest in the Middle East.  He also talks about Trichet's announcements to hold rates at current rates, but hinting toward raising rates in May.  James is forecasting 1800 dollars for gold as the dollar has been moving sideways to slightly down and gold has moved up, so when the dollar really goes, gold and silver should spike up.  James points out that this is a global debasement of currencies and in the 70's you could go to safe haven currencies, but cannot now.