The war in the silver market continues as US dollar woes continue and mining companies mint money.
King World News has just released a new audio interview (LINK BELOW). For now…
Miners Minting Money
June 20 (King World News) – James Turk: This chart of weekly closes shows why cash flow is surging in precious metal mining companies. New record high for gold and another 14-year high for silver. Very bullish for precious metals and miners while energy costs (25-33% of mining costs) remain relatively low.
KING WORLD NEWS NOTE: Massive Chasm Between Gold & Silver Prices vs Oil Price Is Creating Massive Cash Flows And Profits For Miners
US Dollar Woes Continue
James Turk: The US Dollar Index is still in a downtrend, but close to an upside breakout. Will be interesting to watch impact from post-FOMC announcement. US dollar interest rates are high relative to G7 & US economy is clearly slowing. Inflation still a problem.
KING WORLD NEWS NOTE: Will The US Dollar Stage A Countertrend Rally Or Sink Even Lower?
Silver
James Turk: This silver chart has been accurately guiding us for years. It’s now telling us that silver hit a 14-year high (very bullish), continuing to move higher from its huge multi-year base of physical metal accumulation by strong hands (dollar-cost averaging). When the all-time record $50 price is eventually hurdled, silver’s bull market begins. Is rising Open Interest a sign of a short-term top, or that price manipulating shorts are about to get crushed as silver soars from here? As it has for years, this chart will give us the answer in the days and weeks ahead.
KING WORLD NEWS NOTE: Will Massive Shorting Stop Silver’s Advance Or Will Shorts Get Run Over?
JUST RELEASED!
James Turk discusses what is happening in the gold and silver markets and much more CLICK HERE OR ON THE IMAGE BELOW.
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