Turk - The Most Important & Extraordinary Chart for 2012

With continued volatility in global stock and commodities markets, today King World News interviewed James Turk out of Europe. Turk exclusively sent KWN what he calls "the most important and extraordinary chart for 2012."

But first, here is what Turk had to say about the action in gold and silver, and what investors should expect going forward:

"The spring is already coiled, Eric, but it is being wound tighter and tighter by this relentless testing of support. For more than a month, gold and silver have been confined to a very narrow trading range.

... The precious metals bend a little with these bouts of selling pressure being put on them. But they come right back, which is why I describe them like a spring being wound up. So when this spring starts to unwind, which it will, look out above.  (more)