James Turk gives an update on what to expect in the gold and silver markets, and Goldman Sachs weighs in on the silver market as well.  The question is what is their real motive?

Email from KWN Reader
October 14 (King World News) – Email from King World News reader Charles P.:  The panic must be palpable, because right on time, right on cue, here comes Ghoulman Squid…

… with a “slow the mo’ “ effort to put the lid back on.  Yes, indeed, as soon as they magically create lots of silver out of thin air, everything will be all right!  Sho’ nuff! 

Won’t be enough lamp posts.

Keep up the good work!

Charles P

Taking A Breather
James Turk:  Gold and silver are due for a breather, Eric. Whether it happens remains to be seen, but even if it does, expect any correction to be brief. This bull market has a long way to go. 

The reason is simple. Record highs in gold and silver are opening people’s eyes to the opportunities still ready for the picking in the precious metals sector.

For example, the gold/silver ratio at 78 is still out of whack. Historical norms suggest a target of 30 or lower, so compared to gold, silver is still undervalued. What’s more, silver is in a huge backwardation with few signs of easing anytime soon.

Backwardation in the precious metals is rare, but when it happens it ends one way – with higher prices. Higher prices are needed to entice the strong hands who have been accumulating physical metal to part with it and take dollars or other fiat currencies in exchange. And that exchange doesn’t look like a good deal to owners of physical silver right now with silver in a strong uptrend and hurdling into new record highs.

The miners are also good value relative to my projections for their future earnings. The XAU Index is already in new high ground, and the HUI Index looks ready to make a new high as well.

These indices of precious metal miners are at their highs because they are anticipating huge profit increases by the miners. And I don’t think shareholders will be disappointed. After all, look at what happened to the precious metals and their miners in the 1970s.

Prins Correctly Predicted Silver Would Be In The $50s This Week
To listen to Nomi Prins discuss why short sellers in the silver market are going to get destroyed, where gold is headed, what to expect from mining stocks, uranium and much more CLICK HERE OR ON THE IMAGE BELOW.

Just Released!
To listen to Alasdair Macleod discuss the squeeze in the gold and silver markets and much more CLICK HERE OR ON THE IMAGE BELOW.

© 2025 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the articles is permitted and encouraged.