EDITOR NOTE: Silver has pulled back, consolidating in a wide range since reaching its $30.00 high in August. Many investors would consider this a decline in momentum. But James Turk sees in this movement a basing toward a bull market that, according to him, hasn’t yet begun. Turk claims that the start of the bull market begins once silver exceeds $50. And once it does, he expects silver to surge in a trajectory that’s similar to that of Bitcoin--fast, parabolic, and bullishly volatile. Looking at both the monetary dynamics and economic uncertainties that fuel safe-haven assets like silver, Turk’s rationale is sound. In other words, silver has a much longer way to go, and it may benefit precious metals investors to begin building up their non-CUSIP silver positions now well before the “real” bull market begins.
January 23 (King World News) – James Turk out of London: “As we’ve discussed silver over the years, when $50 is finally taken out on the upside that’s when silver’s bull market begins. And when it does begin, what’s happened in Bitcoin is a similar thing I expect to happen in silver. Or if you go back to the charts from 1979 and early 1980 (showing the price of silver skyrocketing), that’s the kind of thing I expect to happen in silver…to continue listening to James Turk and Alasdair Macleod discuss the takedown in the gold and silver markets and why we’re headed into a mania in the precious metals CLICK HERE OR ON THE IMAGES BELOW.
Originally posted on King World News
