Thursday, November 29, 2012

There is a Shortage of Physical Gold

"We look at fundamental analysis, the supply/demand situation and things like that, and we also look at technical analysis, but there is a third analysis that can sometimes be useful and that’s called ‘anecdotal evidence.’

This announcement from India is anecdotal evidence confirming what we've been talking about all along, that there is a shortage of (available) physical gold out there. One of these days, the efforts to keep the price suppressed are going to fall apart."

- James Turk, via a recent three part interview with King World News, this is a excerpt of part two, read the full interview here: