As we come to the end of the first week of trading in 2018, today James Turk told King World News that the gold and silver markets are extremely well bid to start the new year. He also discussed the major gold and silver bull market signal.
Eric King: “James, 2018 looks set to be a huge year, a monster year, for gold, silver and the mining shares. Nobody is talking about it because they are focused on the fireworks in the cryptocurrencies, stock markets, and elsewhere around the world where the markets are going crazy. As we kickoff 2018, what are your thoughts on where markets are headed?”
James Turk: “I think you are right, I think it is going to be a big year. Let’s talk about gold and silver. They are constantly making higher and higher lows. The low of the correction was in December of 2015. The December 2016 low was above the 2015 low. The December 2017 low was above the 2016 low. So we’ve got an uptrend in place and this is the way bull markets begin. They begin with an uptrend, where nobody is paying attention except the smart money, who are accumulating the undervalued asset(s).
And that relates to another important point, Eric. If you look at the way the market is trading, it’s very well bid, particularly in the last few weeks since we saw that December low. Gold and silver are trading very, very well. Every little correction is well bid, so there’s obviously a lot of money on the sidelines. People see the train leaving the station and they are trying to get in at the cheapest possible price.
As we are speaking on Friday afternoon, gold is up 9 or 10 days in a row based on the New York Comex close (Gold etf GLD up 12 out of the last 13 trading sessions). Same thing with silver. That kind of run, that kind of strength, is the way bull markets begin…To continue listening to the timely and powerful KWN audio interview with James Turk, where he discusses exactly how he expects gold and silver to perform in 2018 as well as the mining shares, US dollar, cryptocurrencies and much more CLICK HERE.
Speaking of gold…
In The Footsteps Of Giants
One of the top questions KWN receives from investors about the mining industry is always: “How do you know out of the thousands of companies there are to choose from which will take-off and which ones will falter?” The answer for smart money investors is always to look for proven leaders with previous success as a good indicator of future success. One individual that fits this description is pictured below with multi-billionaire Robert Friedland.
Multi-billionaire Robert Friedland chose this man to lead his expoloration team and it turned out to be a brilliant move because he was responsible for two of the largest and most important discoveries the world has ever seen while leading the team at Ivanhoe Mines. Investors across the globe are now following this man into his latest venture where he will help lead an exploration team where the CEO believes the team will deliver drill results that will send the stock price soaring more than 1,000 percent! Also, a legend in the business just made a 7-figure investment into this relatively unknown company. To get in on the ground floor and learn more about this remarkable company simply CLICK HERE.
***ALSO JUST RELEASED: James Turk Interview About To Be Released, But First A Must Read From A Legend CLICK HERE.
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