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Turk - Corrective Action in Gold is Prelude to Bullish Explosion

kingworldnews.com
FEBRUARY 03, 2012


Turk - Corrective Action in Gold is Prelude to Bullish Explosion

With gold trading roughly $35 lower, silver down nearly $1, today King World News interviewed James Turk out of Spain.  Turk told King World News that this corrective action in gold and silver is healthy and a prelude to a major bullish move to the upside.  Here is what Turk had to say about money on the sidelines and where gold and silver are headed:  “Sooner or later that money is going to realize the train is pulling away from the station.  Whether this money comes in next week or the week after, I do very much like this trading action.  I’m very bullish here short-term on gold and silver, it looks very, very good.”

 

James Turk continues:

 

“It’s still a mess.  Greece is on the front-burner again.  They haven’t been able to work out a deal.  Now they are talking about even more concessions and bigger losses.  This is just going to cause a chain reaction when they finally end up doing it and the deadline date is mid-March.  Greece has to pay 13 billion euros on a bond.

 
 

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