Tuesday, July 12, 2011

James Turk: "We Only Have Several More Days of Silver in the $30's"

James Turk along with Jim Sinclair have been steadfast in their calling for massive summer rallies in gold and silver, even while most of the rest of the precious metals analysts have been calling for summer doldrums and continued corrections. 
Turk today stated that this anticipated rally has already begun, and warned that
"We only have several more days of silver in the $30's.  Once silver clears $38 on a closing basis, you are going to get back into the mid $40's in a heartbeat."
“We’ve seen yet again Eric that support at $35 was tested successfully.  This is a huge and powerful base and with gold already probing record highs, silver won’t be far behind."
We hope you've been following our advice and stacking Phyzz with both hands during the past 2 months.

Click here for more of Turk's interview with KWN: