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« Richard Koo: If Helicopter Money Succeeds, It Will Lead To 1,500% Inflation | Main | The Serious Warning No One’s Talking About »
Tuesday
Jul262016

ALERT: James Turk Issues Warning About Action In Gold & Silver Markets

James Turk

With crude oil trading down to the lowest level in nearly 4 months, today James Turk spoke with King World News and issues a warning about the action in the gold and silver markets.

Gold & Silver Weakness To Continue
James Turk: 
 
“Gold and silver were both pretty quiet today, Eric, but neither metal had a chance of doing much given what’s happening this week…

James Turk continues:  First, on Tuesday option expiry begins on the Comex, followed later in the week by the expiry of over-the-counter options. We’ve seen time and again how the shorts, in cahoots with central planners, drive the gold price as low as they possibly can during expiry. Their objective is to get as many call options expiring worthless so that the shorts do not have to deliver on these paper promises.

read more...

I can't see  a rate hike at this meeting of the FOMC, so gold should be unaffected...

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