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.