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« No U.S. Economic Recovery Says Turk | Main | Christmas Greetings »
Tuesday
Dec102013

Metals War Rages & Today’s Rally In Gold & Silver - James Turk

On the heels of gold and silver surging, today a man who has been trading major markets for over four decades spoke with King World News about the the ongoing war in the metals markets and today’s rally in gold and silver.  Below is what James Turk had to say in his powerful interview.

Turk:  It is reassuring to see today’s bounce in the precious metals, Eric.  All bull markets have to start from somewhere, and the latest leg of this multi-year bull market in gold and silver started at the end of June.  That is when we hit the low prices of this correction.  Prices have not been lower since the precious metals correction began in 2011....

To continue reading the James Turk interview please click here. 

In September 2011 the Gold Bugs index, the HUI stood at 630 as gold prices peaked, since then both have trended lower with the HUI losing about 65% of its value. The bottom has been called a number of times and after such a dramatic decline its difficult not to think that we are there now. However, as we all know the timing of any investment is crucial to its success and that is exactly what we are trying to do here, trying to pick advantageous entry and exit points. If you would like to know which stocks we are buying and selling please join us atStock Trader our premium investment service.

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