Hathaway – This Is The Truth About Where The Gold Market Is
May 3, 2013
With continued volatility in the gold and silver markets, today superstar John Hathaway spoke with King World News about what investors should expect in the aftermath of the recent chaos in the gold and silver markets, and what they should be doing with their money right now. Here is what Hathaway, who is without question one of the most respected institutional minds in the world today regarding gold, had to say in this powerful interview.
Eric King: “John, you’ve seen the action in gold and silver. We had the smash, followed by a recovery and now we are drifting a bit, but your thoughts on where we are now?”
Hathaway: “Well, I think we are at the stage of dealing with our wounds and healing. I thought we had already seen the lows, so this was a setback for the bulls in the sense that the ‘Maginot Line’ of the low $1,500s per ounce did not hold.
That level was breached and was very cleverly exploited by opportunistic parties out of New York and London who saw the potential to hit the stops, and they did that with a vengeance….