GoldMoney founder and GATA consultant James Turk, inteviewed this week by King World News, says the recent record intervention in the gold market by the Bank for International Settlements (http://www.gata.org/node/17646) signifies "panic behind the scenes" among governments and central banks.
Turk adds that he is skeptical of the Federal Reserve's plan to sell assets when the U.S. economy is so weak.
He believes that by historical standards shares of gold mining companies are cheap relative to the gold price.
He says physical support for the metals is strong, the gold price is making higher lows, and the U.S. dollar continues its sharp decline.
Turk's interview is 15 minutes long and can be heard at KWN here:
http://kingworldnews.com/james-turk-here-is-t...-in-the-gold...
