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Strategies & Market Trends : Natural Resource Stocks

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To: rnsmth who wrote (81781)	9/16/2009 8:31:24 AM
From: TheSlowLane	Read Replies (1) of 108681

FWIW...Turk thinks the breakout to a new ATH in gold will be today or tomorrow. Next week at the latest. His price prediction history is not great as he is the first to admit himself. He has gotten the price targets right but the timeframes have been tricky. This time though, he may be right. GoldSeek's Chris Waltzek today got an excellent 12-minute interview with GoldMoney founder and GATA consultant James Turk, who commented on the decline of the dollar, the stock market's rising in anticipation of hyperinflation, the likelihood of an imminent breakout in gold, and the explosion in the short positions in gold taken by bullion banks. The latter, Turk said, doesn't scare him as much as it scares some other people, since he takes it as a sign of desperation. Turk recommends the regular accumulation of gold and silver on a dollar-cost-averaging basis. You can listen to the interview at GoldSeek here: radio.goldseek.com

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