Tuesday, November 6, 2012

Weak Hands Get Shaken out of the Market

"These takedowns are intended to have the maximum psychological effect. The best way for the commercial shorts and the central planners to do that is to keep people pondering over the weekend about the big price drop. Big price drops often get some weak hands shaken out of the market, particularly when the weak hands have a whole weekend to worry about it.

It also gets people who intend to buy gold and silver to put off their purchase, either because they are too worried to buy or because they think they might get a lower price if they wait to buy at a later date...."

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