King World News
Encyclopedia
King World News is a web portal
that produces radio-like interviews and information about financial topics, especially the precious metal
s markets. Created by financial writer Eric King, the site presents interviews with individuals and weekly wrap-ups about the financial sector The website also posts written information related its interviews. After King posted an interview with London Bullion Market Association trader and whistleblower
Andrew Maguire
on April 30, 2010, the site was the victim of a distributed denial of service attack, bringing the site down for a period of time.
, Chris Whalen, James G. Rickards
, James Turk, Jean-Marie Eveillard
, Rick Santelli
, Marc Faber
and Bernie Madoff whistleblower
, Harry Markopolos
. Art Cashin, director of floor operations for UBS Financial Services and a stock market
commentator for CNBC
, presents a weekly market wrap-up. Eric King presents a weekly precious metals wrap-up.
(CFTC) about market manipulation
in the silver market. He was not invited to speak at the CFTC hearing on March 25, 2010 and so he went public with his information. Maguire's allegations were presented at the hearing by Bill Murphy
and the next day, Maguire and his wife were the victims of a hit-and-run accident in London
, England. Maguire and his wife were released from the hospital with minor injuries the next day. Several media interviews were lined up, but following the hearing and the accident, all were abruptly cancelled, leaving KWN to have the first interview with Maguire. The KWN website was brought down by a distributed denial of service attack after King posted the interview with Maguire and Douglas.
Days after posting the interview with Maguire and Douglas, King posted a second interview with Douglas, accompanied by Harvey Organ and his son, Lenny. Lenny Organ spoke of his visit to the only bullion bank in Canada, which he requested because he wanted to see that it actually contained the gold and silver said to be there. He was let inside and was shocked at how little gold and silver was there. He was able to estimate how much he saw because of the orderly way it was stacked up and Douglas estimated the amount to be approximately $100 million worth of gold, just one-tenth of the $1 billion sold by the Royal Canadian Mint
in 2008.
Web portal
A web portal or links page is a web site that functions as a point of access to information in the World Wide Web. A portal presents information from diverse sources in a unified way....
that produces radio-like interviews and information about financial topics, especially the precious metal
Precious metal
A precious metal is a rare, naturally occurring metallic chemical element of high economic value.Chemically, the precious metals are less reactive than most elements, have high lustre, are softer or more ductile, and have higher melting points than other metals...
s markets. Created by financial writer Eric King, the site presents interviews with individuals and weekly wrap-ups about the financial sector The website also posts written information related its interviews. After King posted an interview with London Bullion Market Association trader and whistleblower
Whistleblower
A whistleblower is a person who tells the public or someone in authority about alleged dishonest or illegal activities occurring in a government department, a public or private organization, or a company...
Andrew Maguire
Andrew Maguire (whistleblower)
Andrew Maguire is an independent bullion trader and a whistleblower. He notified United States regulators that fraud had been committed, manipulating prices in the international gold and silver markets...
on April 30, 2010, the site was the victim of a distributed denial of service attack, bringing the site down for a period of time.
Filling a void in financial reporting
Eric King created King World News (KNW) in 2009 to fill a void he saw in mainstream journalism's lack of coverage of essential information about financial markets. Each week, King conducts audio-only interviews with important people from business and finance. KWN has interviewed Eric Sprott, Lord Christopher Monckton, Robert D. ArnottRobert D. Arnott
Robert D. Arnott is an American entrepreneur, investor, editor and writer who focuses on articles about quantitative investing. He is the father of Richard Wiles-Arnott, Sydney Arnott, and Robin Arnott. He edited the CFA Institute's Financial Analysts Journal from 2002–2006, and has edited three...
, Chris Whalen, James G. Rickards
James G. Rickards
James G. Rickards is an American lawyer, economist and investment banker with 35 years of experience on Wall Street, working in capital markets. He is a writer and is a regular commentator on finance and the emerging field of threat finance. Rickards advised clients of an impending financial...
, James Turk, Jean-Marie Eveillard
Jean-Marie Eveillard
Jean-Marie Eveillard is a French-born international investor who currently serves as the senior investment adviser to First Eagle Funds. Eveillard, who served more than a quarter century as a portfolio manager, was co-honored in 2001 by Morningstar, Inc. as "Stock Manager of the Year" and was a...
, Rick Santelli
Rick Santelli
Rick Santelli is an American on-air editor for the CNBC Business News network. He joined CNBC as an on-air editor on June 14, 1999, reporting primarily from the floor of the Chicago Board of Trade. He was formerly the vice president for an institutional trading and hedge fund account for...
, Marc Faber
Marc Faber
-Background:Faber was born in Zürich and schooled in Geneva, Switzerland, where he raced for the Swiss National Ski Team. He studied Economics at the University of Zurich and, at the age of 24, obtained a Ph.D. degree in Economics magna cum laude...
and Bernie Madoff whistleblower
Whistleblower
A whistleblower is a person who tells the public or someone in authority about alleged dishonest or illegal activities occurring in a government department, a public or private organization, or a company...
, Harry Markopolos
Harry Markopolos
Harry M. Markopolos is a former securities industry executive and independent financial fraud investigator for institutional investors and others seeking forensic accounting expertise. He has received public acclaim for uncovering evidence over a period of nine years that Bernard Madoff's wealth...
. Art Cashin, director of floor operations for UBS Financial Services and a stock market
Stock market
A stock market or equity market is a public entity for the trading of company stock and derivatives at an agreed price; these are securities listed on a stock exchange as well as those only traded privately.The size of the world stock market was estimated at about $36.6 trillion...
commentator for CNBC
CNBC
CNBC is a satellite and cable television business news channel in the U.S., owned and operated by NBCUniversal. The network and its international spinoffs cover business headlines and provide live coverage of financial markets. The combined reach of CNBC and its siblings is 390 million viewers...
, presents a weekly market wrap-up. Eric King presents a weekly precious metals wrap-up.
Financial news scoops
On April 30, 2010, King posted an interview with Andrew Maguire and Adrian Douglas about Maguire's allegations about alleged fraud in the silver market. It was the first interview given by Maguire, who had informed the U.S. Commodity Futures Trading CommissionCommodity Futures Trading Commission
The U.S. Commodity Futures Trading Commission is an independent agency of the United States government that regulates futures and option markets....
(CFTC) about market manipulation
Market manipulation
Market manipulation describes a deliberate attempt to interfere with the free and fair operation of the market and create artificial, false or misleading appearances with respect to the price of, or market for, a security, commodity or currency...
in the silver market. He was not invited to speak at the CFTC hearing on March 25, 2010 and so he went public with his information. Maguire's allegations were presented at the hearing by Bill Murphy
Bill Murphy (GATA chairman)
Bill Murphy is a former American professional football player, financial commentator, and the chairman and director of the Gold Anti-Trust Action Committee , which was founded as a result of Murphy's essays on collusion among large financial institutions to suppress the price of precious metals...
and the next day, Maguire and his wife were the victims of a hit-and-run accident in London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
, England. Maguire and his wife were released from the hospital with minor injuries the next day. Several media interviews were lined up, but following the hearing and the accident, all were abruptly cancelled, leaving KWN to have the first interview with Maguire. The KWN website was brought down by a distributed denial of service attack after King posted the interview with Maguire and Douglas.
Days after posting the interview with Maguire and Douglas, King posted a second interview with Douglas, accompanied by Harvey Organ and his son, Lenny. Lenny Organ spoke of his visit to the only bullion bank in Canada, which he requested because he wanted to see that it actually contained the gold and silver said to be there. He was let inside and was shocked at how little gold and silver was there. He was able to estimate how much he saw because of the orderly way it was stacked up and Douglas estimated the amount to be approximately $100 million worth of gold, just one-tenth of the $1 billion sold by the Royal Canadian Mint
Royal Canadian Mint
The Royal Canadian Mint produces all of Canada's circulation coins, and manufactures circulation coins on behalf of other nations. The Mint also designs and manufactures: precious and base metal collector coins; gold, silver, palladium, and platinum bullion coins; medals, as well as medallions and...
in 2008.
External links
- King World News official website
- Interview with Andrew Maguire and Adrian Douglas King World News (March 30, 2010). Retrieved May 6, 2011