from King World News
With crude oil surging 2.3 percent as the Dow moved toward the 18,000 level and gold and silver consolidated recent gains, today James Turk told King World News that what we just witnessed was a huge wakeup call for the world.
James Turk: “Commodities are moving back to center stage, Eric. Last Friday’s unemployment report was a huge wakeup call…
[…] James Turk continues: “The shocker was how few jobs were created in May. Though signs of a weakening economy have been evident for months, Wall Street is finally starting to get the message that a recession is imminent, if in fact one hasn’t already begun. Consequently, the Federal Reserve is not going to raise interest rates in June, nor do I think will it raise interest rates anytime this year.