James Turk – Deutsche Bank Failure To Usher In The Next Great Depression
KingWorldNews.com
October 03, 2016
As we kick off the first week of trading in October, today James Turk told King World News that Deutsche Bank’s failure will usher in the next Great Depression.
Eric King: “That was a great call you made last week, James, with the caution you issued about the impact that end-of-the-month option expiration would have on gold and silver prices.”
James Turk: “Thanks, Eric. Of course nothing is obvious when it comes to markets, which is another way of saying the future is unpredictable. But the future – or at least in the very short term – can be controlled from time to time, and we saw that happen last week when gold and silver swooned into option expiry…
So I was not predicting anything. I was simply focusing on the probabilities that gold and silver would get hit last week, and they did. Gold was down -1.8% from the New York close the previous Friday. Silver, which is usually more volatile, was hit harder, closing down -3.0% on the week.”
The Rest…HERE
