Tuesday, January 15, 2013

German Repatriation Of Gold and What To Expect Next

"I will have more to say as soon as an official announcement hits the wire. In the meantime, it is a very important indicator of market strength to see gold again moving above over-head resistance in the $1670s, with silver at the same time trying to confirm its breakout through its resistance level at $31.

It was only seven days ago, Eric, that gold was pummeled all the way down to $1625, while silver was smashed to $29.25. So both precious metals recovered from that one-day downdraft very quickly. We now know it was a head-fake, which provides us with a clear example of how the central planners work."

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