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« Investors Take Note That 2 Headwinds May Restrain Share Price Increases For Gold And Silver Miners | Main | 2013 Silver Top 10: The Producers »
Monday
Jun162014

James Turk - Gold & Silver Short Squeeze May Bankrupt Shorts

With major markets around the world continuing to surprise investors, and crude oil now trading near $107 per barrel, today James Turk warned King World News that a coming short squeeze in gold and silver may create a repeat of a 1985 event which bankrupted a large short in the gold market.

Turk:  The rally that we saw last week in gold, silver and the mining stocks is significant, Eric.  It shows that support for gold under $1,300 is strong, and the same for silver under $20.  There are also other signs that the technical outlook is improving....

 

To continue reading the James Turk interview please click here

 

The miners have started 2014 very well indeed on the back of rising gold prices, so the question is; is this the real deal or another head fake? Is the bottom really in? Could there be a final capitulation just ahead of us? Will the summer doldrums take the PMs lower?

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