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S W
Member since May 2012
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Turk tells KWN when it's easy and when it's hard to suppress gold - Chris Powell - GATA

People like Turk,Leeb,Hathaway,Hoffman et al must have been making a fortune shorting the PM markets, knowing full well how easy it is for the price to be smashed.
Hang on,wait a minute.
Aren't these the same guys telling people to buy PM at bargain prices?
In the midst of a 3 year downtrend.
Average down according to Turk, which is the single worst advice and can only work if you never sell.
Most will not hold and will bail out at the very bottom.
PM's spiked in Sept 2011
I suspect the bottom will be when they both capitulate.
Maybe,maybe not, but you will see a big sell off and capitulation if there is a close below $1130 Gold and $14.40 Silver

Caveat Emptor

Commented 3274 days ago

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Beginning of the headline :When Chinese markets are closed, GoldMoney founder and GATA consultant James Turk tells King World News today, Western central banks have an easy time suppressing the gold price, but when the London market, where the Western central banks mainly operate, is closed, suppressing the gold price is hard. Turk adds that Greece can't pay its debts under any circumstances and default is inevitable, with big consequences for the world financial system. An excerpt from Turk's interview is posted at the K... Read More

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