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
James Turk
1,770 posts
5+ decades in int’l banking, finance & investments. Began publishing in 1987. Founded goldmoney.com in 2001. @goldmoney Latest book:“Money and Liberty”
- 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…
- 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-…
- 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
- 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.
- 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…
- 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
- 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…













