Tuesday, July 31, 2012

Big Moves Coming

“The precious metal markets feel just like the summer of 2010"

- James Turk

Monday, July 23, 2012

Gold Going to $8000 and Hyperinflation a Sure Thing

James Turk says that the Gold and Silver manipulation is ending as we speak. Also he makes the predication that Gold is going to $8000 per oz and that Hyperinflation is now a sure thing.

Tuesday, July 17, 2012

Food Inflation to Propel Commodity Prices Higher

"There is a new factor at work that is about to light a fire under the precious metals that few people recognize - food inflation. It was one of the key drivers in the summer of 2010 which launched the huge rally that eventually took silver near $50 and gold to a new record over $1900. Food inflation was also a factor in the big run-up of the precious metals in 2007, and early 2008, when food riots broke out around the globe because of high prices.

The worsening drought in the midwest means that food inflation will again become one of the drivers sending gold, silver and the mining shares much higher from here. The summer doldrums are over. Gold and silver are ready to get exciting once again. We can expect a rally from here that will take our breath away.”

- James Turk, via a recent King World News Interview. Read the full interview here:

Sunday, July 15, 2012

James Turk Talks to Robert Blumen About Gold Supply and Demand

"Gold supply and demand dynamic have been analysed by countless people over the years, but according to Robert Blumen -- a software developer and a popular writer and speaker on Austrian economics whose writing has appeared at the Mises Institute, LewRockwell.com, and Financial Sense -- too many people focus on annual mine supply as an important factor in the gold price discovery process. As Blumen notes, annual gold mine supply is equivalent to just 12 trading days of LBMA transactions. This is reduced to just a few days when counting all the major gold trading venues around the world.

Turk and Blumen discuss how gold is not just another commodity, because -- in contrast to the likes of oil, corn and copper -- the total aboveground stock of gold is being added to all the time. Gold is not used up or destroyed. This is why annual mine supply (at just 1.8% of total aboveground gold) exerts so little influence on the gold price. James Turk argues that gold should not be considered as an "investment", as it does not generate a cash flow. Both men differ slightly on the question of whether or not gold can be considered money."

- Source: