With gold close to new all-time highs in the Euro and the Pound and silver beginning to stabilize, today King World News interviewed James Turk out of Spain. When asked about the volatility and what he expects this summer Turk stated, “I think this summer is going to surprise a lot of people. Many are thinking this is going to be another typical summer where precious metals prices are weak, but it doesn’t always happen that way Eric. Sentiment is set up this way because it has been 29 years since we have seen a big rally in the summer. Back in 1982, the Mexican debt default lit a fire under the precious metals and the gold price nearly doubled over the next six months”.
Categories: News mix