Turk - Metals Will Be Hot This Summer, Gold to Hit New Highs

Turk - Metals Will Be Hot This Summer, Gold to Hit New Highs

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/6/2_Turk_-_Metals_Will_Be_Hot_This_Summer,_Gold_to_Hit_New_Highs.html



With continued volatility in gold and silver, today King World News interviewed James Turk, Founder of GoldMoney out of Germany. When asked if we had seen the lows in the metals Turk stated, “You can never predict how long a correction is going to last or how deep it is going to go, but sometimes you get clues as to when a correction might be ending. What we’ve had is a bullish divergence in gold and silver. So we have a pretty good level of certainty that the low prices in this correction are in place.”

Turk continues:

“We may have a little bit more time to go in terms of backing and filling and I don’t rule out another test of $35 on silver and maybe back into the $1,520’s on gold. But on the other hand gold looks very, very powerful here. It hardly corrected at all compared to silver which is why the ratio has gone back up over 40.

I’m sticking to what I said last time we spoke that this summer is going to surprise a lot of people, how powerful the metals are going to be on the upside.

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