James Turk: Summer Doldrums Over, Gold & Silver To Explode

With volatility in global markets, today King World News interviewed James Turk out of Europe. Turk told KWN, “The financial, monetary and economic conditions are so bad … that everything will spin out of control.”  He also warned, “There is a new factor at work that is about to light a fire under the precious metals that few people recognize – food inflation.”  He went on to say, “We can expect a rally from here that will take our breath away.”  Here is what Turk had to say about what is happening:  “The sentiment indicators for gold and silver have been exceptionally low for weeks now, Eric, which is understandable given their lackluster performance during this period, as well as the downright discouraging performance of the mining shares.”

James Turk continues:

“But this is no time for complacency.  The financial, monetary and economic conditions are so bad, that the situation could spin out of control at any second.  Because these problems are not being solved, the point is that everything will spin out of control.

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