Turk – War On Gold Accelerates, But Silver Will Shock Traders
January 27, 2014
With markets continuing to see some wild trading, today James Turk told King World News that the war on gold has accelerated, but silver will be the metal that shocks traders and investors. Turk also warned that despite the pullback in price, a short squeeze in physical gold may now be under way.
Gold looks determined to break free of resistance around $1,250, Eric, but it is still struggling to clear this hurdle. After the break above $1,250 on Thursday, there was some decent upside follow-through on Friday. I had hoped that today would be a good one too, even though option expiry begins tomorrow….