James Turk – Extraordinary Delays For Physical Gold & Silver
May 7, 2013
Today James Turk told King World News that despite the current weakness in prices, there are extraordinary delays for both physical gold and silver in Europe. This is really an extraordinary set of circumstances that Turk has identified which has the central planners on the verge of being forced to release the price of the metals higher.
Turk: “It is not too surprising that the metals traded lower yesterday Eric, given that London was closed for a holiday. Therefore, a major part of the physical market for the precious metals was not participating yesterday. So the paper shorts in New York pretty much had a free hand to run the market lower, which they did, and they are continuing the push lower today as well.
Nevertheless, there are telltale signs of stress clearly showing in the physical markets. By stress I mean that supply is exceptionally tight….