James Turk Warns Despite Pullback, We May See a Stunning Surprise in the Gold and Silver Markets

from King World News

Despite the large commercial short positions, today James Turk told King World News that despite the recent pullback, we may see a stunning surprise in the gold and silver markets.

James Turk: “In the early stages of a new bull move in any market there are some things that recur time and again. I view them as anecdotal evidence that a sustained price advance is underway…

[…] James Turk continues: “For example, I can’t count the number of times that I have heard over the past few weeks how overbought gold is. Maybe it is, but whether it is or not is irrelevant.

First of all, a market can stay overbought for months, especially when a new move is just beginning as the latecomers climb on board. If during this period of time you wait or hope for a pullback, you might end up being on the sidelines watching a major rise in price.

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