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 think the key thing here, Eric, is there is a lot of money on the sidelines.  It  built up during what’s been almost a year and a half correction in silver, and a correction in gold that’s gone on for eleven months, and it stayed there while people were on vacation. 


Now that people are coming back from their summer holidays, they are starting to commit to the markets, and you can see that in the silver price....


Continue reading the James Turk interview below...




Advertisement


To hear which company has one of the highest grade gold deposits

in the entire world, as well as a number of other

extraordinary projects click on the logo:






“I think that’s going to continue over the next few weeks.


It’s going to start accelerating on the upside.  If you look at the long-term chart of gold and silver, yes gold has been up 11 years in a row, but the way it’s been rising, it’s been rising at an ever-accelerating rate. 


I think you are going to start seeing some real upside in the not-too-distant future.  In terms of targets, new record highs before the end of the year is pretty much a done deal.  $2,000 gold is coming.


Whether we see a new high in silver this year or the beginning of next year, I don’t know.  But as we said in that (interview) yesterday, once silver gets over $50 an ounce, then it’s in stage II of its bull market, and that’s when you are going to start seeing some real price appreciation, and a lot of attention being paid to the silver market.


I’m not sure you are going to see many pullbacks in silver, particularly given the circumstances of the market, and the fact that there are so many shorts and so much money out there on the sidelines.


In fact, that may be what propels silver higher here, Eric.  A lot of people who normally own it (silver) don’t.  There are a lot of shorts who may be caught.  There are a lot of people who want physical silver out there and they are scrambling for it.


It (silver) may not go back under $30.  We did a piece back in early August and I said $28 (silver) is history.  Sure enough, I don’t think we’re ever going to see $28 again, ever.  It may be the same case with $30 silver, we may not go back to $30 anymore either, given what I am seeing in the market at the moment.  There’s just so much demand for physical gold and silver.


It’s been a bull market for more than a decade.  We still have a long way to go for one simple reason, none of the problems that have been driving gold and silver higher all of these years have been solved.  If you go back in monetary history and look at how the solution is finally determined, it comes with a higher gold price.”


The is one of Turk’s most powerful interviews ever as he answers the all-important question, when do investors sell their gold and silver?  He also covers the problems the shorts are facing, mining shares, the physical demand for gold and silver and more.  The KWN James Turk audio interview is available now and you can listen to it by CLICKING HERE.


© 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.


The interviews with James Turk, Egon von Greyerz, Art Cashin (UBS $612 billion), Agnico CEO Sean Boyd, John Hathaway and Eric Sprott are available now.  Also, be sure to listen to last week’s line-up of other KWN interviews which included Jean-Marie Eveillard, John Mauldin, Gerald Celente and Ben Davies by CLICKING HERE.


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