James Turk : gold and silver prices will explode this summer

James Turk of goldmoney.com on the Kerry Lutz - July 18, 2011



James Turk : " ... I made a contrary call because normally gold and silver are pretty quite during the summer months , because it is a seasonal pattern that tends to repeat , but it does not always work that way " says James Turk " I keep going back to 1982 when gold prices rose 50 percent in three months during the Mexican debt default and my point has been is this summer is going to be a repeat of 1982 it is not Mexico that is going to default this time it is going to be somebody else whether it is Greece United Kingdom Belgium Italy Spain United States Japan or anyone of a dozen other countries who knows , but it looks like it is gonna be a good couple of months for the metals as people worry about the default and move into the security of gold and silver "....."there are two assets types , tangible assets and financial assets and what's happening as you go through a bust , financial assets financial assets lose value , promesses are broken and people move to tangible assets of all sorts and the most liquid of tangible assets is of course gold and silver , so it is not too surprising that we see gold at a new record high this morning and silver approaching back that January 1880 all time record high , i expect new highs in the precious metals as we go forward because this bust that we are in still has few more years ......"

MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

James Turk we are heading towards a summer of all records for Gold and silver prices

James Turk of goldmoney.com on the Kerry Lutz - July 18, 2011 : " we are at $1600for gold and silver is back in the $40 , I made a contrary call because normally gold and silver are pretty quite during the summer months , because it is a seasonal pattern that tends to repeat , but it does not always work that way " says James Turk " I keep going back to 1982 when gold prices rose 50 percent in three months during the Mexican debt default and my point has been is this summer is going to be a repeat of 1982 it is not Mexico that is going to default this time it is going to be somebody else whether it is Greece United Kingdom Belgium Italy Spain United States Japan or anyone of a dozen other countries who knows , but it looks like it is gonna be a good couple of months for the metals as people worry about the default and move into the security of gold and silver ".....




Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Gold - The Most Popular Asset Class in Asia

Gold and cash are The Most Popular Asset Class in Asia , Chris Gill, General Manager at Friends Provident International says gold is the most preferred asset among investors in Hong Kong, Singapore and UAE.



Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Gold Could Hit $1700 By Year End

CNBC discusses the rally in spot gold prices - its longest winning streak in four decades.Gold this morning hit an all time high by breaking the psychological barrier of $1600/oz , while Silver is back over the $40/oz barrier all this despite the summer being a sluggish month for Gold we are not in the heat of the Indian wedding season and we have passed the valentine day time , so how high Gold will go ??? according to many experts the Gold prices will explode this summer to stratospheric levels , so hold on to your physical gold and silver the show is about to begin ...LOL...


Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Jim Cramer never late to get into GOLD

Mad Money host Jim Cramer says it's not too late for investors to get in on the precious metal especially Gold ...Jim Cramer "the average portfolio has 1% to 1.5%. do you come into gold here? i have heard over and over again. here is the problem with gold. people missed the move. it's clearly untrue. given the uncertainty in the euro and the dollar i don't think it's too late"

Gold at $1600/oz Silver at $40/oz and climbing

Update on Gold soaring this morning to all-time highs Gold at $1600/oz Silver at $40/oz and climbing

Sharon Epperson :"....the spread continues to blow out. the spread is what a lot of traders with watching now. that's a reason why we are looking at it. here on the floor, all the action has been in the gold market. you have been talking about $1600 gold. also the fact that we have seen hedge funds adding position. there is a surge in the long positions. a big reason why we are looking at the higher price as well. not only in dollar terms. it's important to realize Bernanke said he didn't believe gold is money. when you look at gold in euros, the pound, the yen, we are at new highs here. people around the world are using gold as alternate currency and silver as well. the highest we have seen since the beginning of may. over $40. the percentage gain higher than what we are seeing in gold. this is the currency folks are focused on. "






Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)