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« Italy must choose between the euro and its own economic survival | Main | "The Death Of The Gold Market" - Why One Analyst Thinks A Run On London Gold Vaults Is Imminent »

James Turk – The Price Of Gold Is Being Manhandled On The Comex But Here Is The Surprise

James Turk

With gold and silver consolidating recent gains, today James Turk told King World News that the price of gold is being manhandled on the Comex, and he also discussed what is important for investors to be aware of in terms of how this will end.

James Turk:  “What we have seen over the past week in the way gold has been manhandled on the Comex is truly astounding, Eric. The shorts piled on and then piled on some more by selling a record amount of paper-gold futures contracts, stopping gold from hurdling above $1,300, which it looked destined to do…

James Turk continues:  We know what is happening on the Comex from changes in gold’s Open Interest, which records the total number of outstanding futures contracts. With each contract there is one person long and one person short.

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Despite the above a lot now depends on the rival of the US Dollar.

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