Spot Chart | This <b>Chart</b> Shows <b>Gold</b> Could Rise Greatly In One Year - Market Sanity | News2Gold |
- This <b>Chart</b> Shows <b>Gold</b> Could Rise Greatly In One Year - Market Sanity
- Help needed - looking for a <b>chart</b> showing <b>gold</b> prices over the past <b>...</b>
- If you want to know where <b>gold</b> is headed, you better know where it's <b>...</b>
| This <b>Chart</b> Shows <b>Gold</b> Could Rise Greatly In One Year - Market Sanity Posted: 31 Mar 2014 11:30 PM PDT
As global markets continue to see some wild trading as we head into April, today James Turk sent King World News a shocking chart which shows that the price of gold needs to rise by more than a staggering 100% in just 12 short months. Turk also spoke about why this historic move will take place in his powerful interview below. Turk: "Gold finished the first quarter of this year in the same way as the last quarter of 2013, Eric, on a low point. But there is a big difference between the two comparisons, namely that the gold price rose 7% over the quarter just ended, and did so despite gold being beaten up over the last couple of weeks…. "It is even more important to note that the low point of the price correction that began in September 2011 was made in June 2013. The price of gold – and silver too I should add – has not been lower since then. That's 9 months ago, and this length of time confirms that both precious metals are forming a huge base. Further evidence of this base is the fact that gold has been in frequent backwardation since last year's June low. It is an indication that physical metal continues to be accumulated by strong hands that recognize gold's undervaluation. More evidence is the ongoing flow of metal from West to East – which by the way shows no sign of abating. I find it amazing that Western sentiment toward gold and particularly silver remains so negative. After all, gold's 7% rise in just one quarter should be viewed as a big event. But these low sentiment readings suggest that people in the West are simply not paying attention to what the precious metals are doing. They are also ignoring that people in the East want all the physical metal they can get their hands on. James Turk has specialized in international banking, finance and investments since graduating in 1969 from George Washington University with a B.A. degree in International Economics. His career began at Chase Manhattan Bank (now JPMorgan Chase & Co.), which included assignments in Thailand, the Philippines and Hong Kong. He subsequently joined the investment and trading company of a prominent precious metals trader based in Greenwich, Connecticut. He moved to the United Arab Emirates in December 1983 to be appointed Manager of the Commodity Department of the Abu Dhabi Investment Authority, a position he held until resigning in 1987. Thereafter he held various advisory roles in money management until founding GoldMoney, which was launched in 2001. He is a director of the GoldMoney Foundation. James Turk has written several monographs and numerous articles on money and banking, much of which can be found on his Free Gold Money Report website. He is the co-author of The Collapse of the Dollar and How to Profit from It  |
| Help needed - looking for a <b>chart</b> showing <b>gold</b> prices over the past <b>...</b> Posted: 01 Apr 2014 01:46 PM PDT I sometimes check goldprice.org. Or CNBC.com.if I'm on that site. Wish I sold some more of those unwanted gold chains etc when gold was at $1800. Oh well. Never mind, you already got what you needed. Signed, |
| If you want to know where <b>gold</b> is headed, you better know where it's <b>...</b> Posted: 31 Mar 2014 10:00 AM PDT  © 2014 Stansberry & Associates Investment Research, LLC. | Privacy Policy | Customer Service | Contact Us Stansberry & Associates Investment Research. All Rights Reserved. Protected by copyright laws of the United States and international treaties. This website may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of Stansberry & Associates Investment Research, LLC. 1217 Saint Paul Street, Baltimore MD 21202 |
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