Eric King: “John, you made this call for a short squeeze in gold to unfold. Are we in the early stages of that squeeze now?”

Hathaway: “It looks like it. Of course only time will tell, but it looks like what you had were the high-frequency traders and the algorithmic models trying to push gold down below the mid-$1,230 level overnight. Obviously that attempted smash failed....

“So I think this strong rally we’ve had is definitely short covering. On a very short-term basis it looks like we are ready for a move higher.

But you can just throw in the trash the headlines coming out of the mainstream media regarding India. It has much more to do with the fact that the shorts could not break the gold market overnight, and now the shorts are covering. Let’s see how far that takes this move.

The fact that the stock market was broadly lower gave additional fuel to yesterday’s rally. Also, the less-than-robust news coming out of China helped as well. We’ll just take each day as it comes.”

Eric King: “John, obviously you know James Turk commented on your interview earlier today, but I wanted to ask you about something Turk said in his http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/1/24_Hathaway_-_If_Im_Short_Gold_Here%2C_Im_Getting_Really_Nervous.html