The Central Planners are Bluffing

“The way the metals traded yesterday and today illustrates the important point I was making when we did that interview. There’s a ton of money on the sidelines waiting to buy the dips. This is exactly the type of thing you see at the beginning of a bull market.

I’ve been talking about a summer rally, and here we are at the beginning of August, and I think the summer rally is actually beginning now, Eric. I think it’s becoming increasingly clear that the central planners are bluffing. They are holding a losing hand...."

- James Turk via a recent King World News interview, read the full interview here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/8/3_Turk_-_Gold_Is_In_Backwardation_%26_About_To_Rocket_Higher.html

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