KING WORLD NEWS - BLOG
BROADCAST../../../../Broadcast/Broadcast.html../../../../Broadcast/Broadcast.htmlshapeimage_6_link_0
HOME../../../../King_World_News.html../../../../King_World_News.htmlshapeimage_13_link_0
BUSINESS../../../../Business.html../../../../Business.htmlshapeimage_14_link_0
GREEN../../../../Green.html../../../../Green.htmlshapeimage_15_link_0
HEALTH../../../../Health_1.html../../../../Health_1.htmlshapeimage_16_link_0
ENERGY../../../../Energy.html../../../../Energy.htmlshapeimage_17_link_0
SPORTS../../../../Sports.html../../../../Sports.htmlshapeimage_18_link_0
GOLD+../../../../Gold.html../../../../Gold.htmlshapeimage_21_link_0
 

James Turk continues:


“I cannot count how many times $1,650 has been pounded, and it happened yet again today.  But each time gold refuses to break down.  The last time we spoke, I mentioned how gold snapped back the one time the paper shorts sent gold under $1,620.  It is clear that support at current levels is strong.  The same applies to silver.


Silver has been stuck under $32 for a couple of weeks now, but it refuses to break.  Silver keeps trying to climb above $32, which shows good underlying strength.  But it keeps getting hit....


Continue reading the James Turk interview below...




Advertisement


UPDATE: To hear legendary Jim Sinclair discuss exciting new results from the

company he believes is the best investment click on the logo:












“Today was another example of that, but there's an important point to be made here, Eric.


The precious metals bend a little with these bouts of selling pressure being put on them, but they come right back, which is why I describe them like a spring being wound up.  So when this spring starts to unwind, which it will, look out above.


I want KWN readers to take a look at the following 30 year chart, which I believe is the most important and extraordinary chart for 2012.  It presents the XAU Gold Mining Index measured in terms of gold, not dollars:




We’re making history here.  Gold stocks have never been this undervalued before.  We’ve had a 12 year bull market in gold, but we’ve also had a 15 year bear market in the mining shares that began with the Bre-X collapse.


It’s very rare in market history to see an outlier like this.  This is an extraordinary event.  Years from now we are going to look back and shake our heads in disbelief at how undervalued gold stocks were in 2012.


This 15 year downtrend and historic low has effectively destroyed the morale of virtually the entire gold mining investment community.  Psychologically, this has also had a tremendous dampening effect on the morale of those watching the gold bullion market.


We’re living in pretty tough times, Eric.  We all know the global economy is not doing well.  We see all of the problems that governments are trying to solve, but they are not coming up with viable solutions.  To make matters worse, the above chart is an illustration of the psychological onslaught that people who buy the mining shares have had to endure. 


This is part of the warfare against those in the gold community.  It is important to remember that before this is over, the mining shares will be trading like internet stocks.  Quality gold shares will be the Apple Computer’s of tomorrow.”


© 2012 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the blog page is permitted and encouraged.


Eric King

KingWorldNews.com

To return to BLOG click here.

 
 
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.html
KWN BLOGhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.htmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.htmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.htmlshapeimage_24_link_0shapeimage_24_link_1

© 2012 by King World News®. All Rights Reserved. This material may not be published, broadcast,

rewritten, or redistributed.  However, linking directly to the blog page is permitted and encouraged.

Subscribe to RSS
CLICK HEREhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/rss.xmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/rss.xmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/rss.xmlshapeimage_27_link_0shapeimage_27_link_1
KWN Blog
Archiveshttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/Archive.htmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/Archive.htmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/Archive.htmlshapeimage_28_link_0shapeimage_28_link_1
http://www.kingworldnews.com/kingworldnews/Broadcast/Broadcast.html