James Turk - Silver Formation Projects Spike to $60 - $75 Level

After the explosive upside activity in the gold and silver markets last week, today King World News interviewed James Turk out of Spain to get his take on where the metals are headed from here. When asked about the action in gold and silver, Turk responded, “I like today’s action very much, Eric. Given that gold rose over $100 last week, some correction was expected. The important point, though, is that gold quickly bounced off support at $1,700. I’m encouraged by that action. We may test the $1,700 level one or two times more before heading higher.” (more)