Turk – A Massive Black Swan Is Going To Rock World Markets
June 13, 2013
With Japan’s Nikkei plunging a massive 5.5%, today James Turk warned King World News that markets may be very close to witnessing another “black swan” that would create chaos once again in the global financial system. Turk also spoke about the recent action in gold and silver and what investors should expect to see going forward.
Eric King: “James, as you know a lot of times something will come and blind-side markets that nobody really has their eye on. Do you have anything that might be a ‘black swan’ that nobody is focused on?”
Turk: “We don’t hear too much about derivatives anymore. That’s always a potential black swan hanging over the markets. There is always the potential for geopolitical unrest, and we are seeing a lot of that again in the Middle-East, in various countries there.
I suppose the biggest ‘black swan,’ Eric, has to come from the banking system because that is the biggest threat to sound economic activity….