After some very intense overnight trading that continued Friday in the gold market, James Turk spoke with King World News about the war in the precious metals markets.
Very Intense Trading As Gold War Heats Up
June 15 (King World News) – Eric King: “James, it’s very interesting right now. I don’t have to tell you that the action in the gold market overnight was very intense. Gold got all the way up to $1,357 and then the (Comex) paper market took it down after the physical market was closed in London. KWN also released the latest COT report and we saw that the commercials were just over 200,000 net-short. So they are increasing their short positions into this rally. But can you talk about the war in the gold market? And then we’ll move on to silver because there are some very interesting things happening there that I know you want to talk about.”
James Turk: “Yeah, you hit the nail on the head, Eric. It’s all the paper market again. But what really drives the gold market, of course, is the physical market. And I sort of like to take a look at a big picture view to put things into perspective because I think we have a really big opportunity coming up over the next year or two…To continue listening to the very timely and informative KWN audio interview with James Turk that has just been released CLICK HERE OR ON THE IMAGE BELOW.
***Also just released: ALERT: Commercials Make Huge Trading Moves As Gold & Silver Prices Surge CLICK HERE TO READ.
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