user avatar
James Turk
@FGMR
5+ decades in int’l banking, finance & investments. Began publishing in 1987. Founded goldmoney.com in 2001. @goldmoney Latest book:“Money and Liberty”
London
Joined June 2009
Posts
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    Thanks to @BullionStar and GATA.org for alerting me to change in #SLV prospectus that let's SLV off the hook if it is full of paper instead of #silver. This admission by SLV could be the trigger that launches the silver rocket. More here: gata.org/node/20913
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    New head of ECB makes clear what's coming. “We should be happier to have a job than to have our savings protected,” said Lagarde. Make sure your savings are in #gold & not the #euro to protect your purchasing power from central bank currency debasement.
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    Minor resistance at $32 & #silver is relentlessly chewing through it. Once $32 is hurdled, then $50 is days/weeks away, not months. Once $50 is hurdled, base-building ends & silver’s bull market begins, that will take the #gold/silver ratio under 30 & silver toward fair value.
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    China & Russia ditching #USD confirms a trend well underway. Demand for USD is declining because of mismanagement by Fed & politicians. Demand down & supply up from Fed printing means we should expect a weaker USD & higher #gold & #silver prices. asia.nikkei.com/Politics/Inter…
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    This 110-yr chart shows how rare it is for the #gold #silver ratio to hit 100:1, after which the ratio falls quickly b/c #money floods into silver during #bank crises. Silver hasn’t lost its usefulness as #money. It’s just overlooked until the lines form outside of #banks.
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    New record high close in #gold. Few are paying attention, which is very bullish. Maybe they’ll wake up when #silver closes above $50 to make its new record high. Gold/Silver ratio is 86 & in a downtrend, so expect silver to continue outperforming.
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    REDDIT SILVER SHOCKER: Reddit Traders Now Targeting Silver: GameStop Traded $82.3 Billion In 4 Days, Enough To Purchase More Than 3X Entire Annual Global Silver Mine Production. Is the cup&handle in this pattern about to be completed? More here: kingworldnews.com/reddit-silver-…
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    The future is unpredictable but there are reasons why I expect #silver to lift-off from this launchpad built over 45-yrs. It’s now: 1) an unloved & undervalued #CriticalMineral 2) a strategic industrial asset & essential to national defence 3) #money like #gold 4) undervalued to
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    Paper shorting #preciousmetals has a limit. It's reached when backwardation appears b/c banks can manipulate price but can't create physical metal. Both #gold & #silver remain in backwardation even by Comex's own reports. Physical metal remains tight. Own physical, not paper.
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    Finally #gold is breaking out. H&S pattern remains valid b/c $1680 support held. Standard projection from a H&S measures to $1900 ($1680-$1460)+$1680=$1900. I expect gold blows through $1775 resistance this time to reach its $1900 target. More at this link kingworldnews.com/james-turk-6-2…
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    How good is your country’s currency? Great chart showing #gold % gain since 2001 against major currencies. Viewed another way, in 2001 a goldgram bought 3 bushels of wheat. Today it buys 10 bushels. Similar results for #silver too. Hold physical precious metal for your savings.
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    An eye-opening chart. To return to a #goldstandard & its historical metrics, the #gold price would need to be #USD 30k. Shows how big the everything #bubble has been inflated by #centralbanks conjuring up purchasing power from thin air with fake #money
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    Friday spot closes: #gold $3,685.50 #silver $43.10 Ratio: 85.5, breaking support at 86. Expect ratio to keep falling - silver outperforms gold to yearend. Near-term targets: gold $4k silver $50 Ratio 80. Silver break-out of 25-yr base when it hurdles $50 to begin its bull market.
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    This 40-yr base has put #silver in strong hands & will send silver price soaring with a breakout above $50, which looks to happen soon b/c the #federalreserve is today's Mississippi Company. Buy physical metal or #PSLV Avoid paper promises. More here: kingworldnews.com/james-turk-5-1…