The Dow/Gold ratio is headed to 1/1, just like it was in the 1930s, and in 1980 at the end of those two financial busts. In order to achieve this eventual 1/1 parity, gold and silver have to move in the opposite direction of the stock market, just like they did last week.
So don’t be fooled into believing the half-truths of the central planners and those who use government intervention to disrupt the markets. The bottom line is that gold and silver do not need more QE to achieve higher prices. Therefore, I think it is reasonable to look for gold and silver to continue repeating last week's performance by climbing higher as we move to the end of the year, regardless of what happens in the global stock markets.”
- James Turk via a recent King World News interview, read the full interview here: