James Turk – Gold & Silver To Overrun Central Planners
September 17, 2012
Today James Turk told King World News that this move in gold and silver may be the start of the “big one.” Turk also warned if that is the case, then we are nearing the point where gold and silver buyers will, “… totally overrun the central planners.”
Here is what Turk had to say: “The precious metals have been exhibiting exceptional strength, Eric, and I am not just talking about their big gains in price. I am referring to the way they have been trading. Their extraordinary strength is clearly visible on an intraday chart. Both precious metals have been forming the same pattern going back to the lows in August when gold was under $1600 and silver was under $30.”
James Turk continues:
The price of gold and silver jumps, but then something rare happens. Instead of falling back in a correction to consolidate their price gains, which is normal trading action and therefore to be expected, gold and silver just move sideways. Then, after a few days, they again score another big jump in price, followed by another sideways move. If you look at their charts for the last few weeks, there have not been any normal pullbacks.
This trading action confirms the point I have been making in our recent interviews….