Monday, August 4, 2014

James Turk - Gold Is Now In Backwardation - What’s Next?
"To sum up, Eric, we have two powerful forces meeting each other head-on. First, there is the uptrend that began in June 2013. That date marks the low of the correction in the precious metals that began in 2011. Then there is the second force, which is the short-term correction that began a month ago when both gold and silver were stopped in their tracks at $1,340 and $21.35 respectively by a blizzard of paper selling by the price manipulators.

So we are seeing a battle of physical metal versus paper. History shows that physical gold always wins."

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