With the war in gold and silver continuing to rage, today one of the most respected veterans in the gold world spoke with King World News about a remarkable chart that every gold and silver investor must see.  Below is the extraordinary chart as well as James Turk’s comments on the war in the gold market.

Turk:  “The chart below is an incredibly interesting one, Eric.  You do see a solid rise in the gold price each time gold goes into backwardation.  The other thing that’s interesting to me is that gold has not been this deep into backwardation ever….

Continue reading the James Turk interview below…


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“This just illustrates how tight the physical market is here in London.  What the chart below is showing is that the gold forward rate is negative.

KWN Bloomberg 11-12-2014 

So a powerful rally is to be expected because the only way you are going to get a normal interest rate is if the gold price rises.  So people have to be enticed to part with their gold for a fiat currency and the only way that is going to happen is with a mucy higher gold price.

Gold is not like a bookkeeping national currency where you can do what the Federal Reserve does or what the ECB does — simply create more units out of thin air.  When you are talking about physical metal, the only way it’s going to come into the market in the short-term is through a significantly higher gold price, and that is what we are going to see in the months ahead.”

IMPORTANT – KWN has many more interviews being released today.

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The audio interviews with William Kaye, Dr. Paul Craig Roberts, Andrew Maguire, Eric Sprott, Bill Fleckenstein, Rick Santelli, Rick Rule, Andrew Huszar, John Mauldin, Egon von Greyerz, Michael Belkin, and Marc Faber are available now. Other recent KWN interviews include Jim Grant and Felix Zulauf — to listen CLICK HERE.

Eric King
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