Upcoming Rocket Lauch In Gold Will Shock The Markets
The following is an excerpt from a King World News interview with the legendary James Turk:
When asked about gold specifically Turk stated, “You have almost six months of work underneath the market in the $1,300’s. That provides a massive base that has created the launch pad which will send gold higher.
There is a little bit of a battle going on at the previous high of $1,430, but the momentum is clearly starting to shift in favor of the bulls. The gold bulls have been very patient as gold has essentially moved sideways for the past six months, but their patience is about to be rewarded.
For KWN readers globally if we have gold move to $1,800 and silver to $50, the gold/silver ratio would fall slightly to 36 to 1. In that scenario, all precious metals holders will be happy.
In other words Eric, both precious metals will be rising more or lesss at the same rate. This will be in contrast to the last six months where silver was significantly outperforming gold with the ratio falling from 60 to 39.5 during that time.
Although a lot of people have been focused on the move in silver, but the coming rocket launch in gold will shock the markets.”
Turk is right, the coming move in gold will shock the markets. This will be the wake-up call for investors who have ignored the gold market up to this point.
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