With markets continuing to see some volatile trading, today James Turk spoke with King World News about backwardation in gold and how quickly the price of gold will smash through the all-time high of $1,925. Turk also warned that the shorts must be getting “frantic by now” because of the action in gold.
Turk: “Gold finally plowed through $1250, Eric, and we got the expected move higher. The central planners tried ‘circling the wagons’ at $1,275, but they could not hold that line — there was just too much buying power behind gold’s surge….
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