Market News, Analysis, and commentary primarily on the precious metals markets, gold, silver, mining.
Showing posts with label James Turk. Show all posts
Showing posts with label James Turk. Show all posts
Tuesday, February 15, 2011
Hugo Salinas Price James Turk Interview about silver money
http://www.youtube.com/watch?v=6nD6UY_gzgk
In this video silver advocate Hugo Salinas Price, President of the Mexican Civic Association Pro Silver, A.C., is interviewed by James Turk, Founder/Chairman of GoldMoney and Director of the GoldMoney Foundation. Hugo explains what led him to believe that silver coins should be money again. Hugo and James discuss the essence of sound money.
Saturday, February 5, 2011
King World News Interviews with Ben Davies, James Turk + Weekly Metals Wrap
GOLD, SILVER & MINING SHARES - Ben Davies: CEO of Hinde Capital - Rising star Ben Davies gives another great interview on the gold and silver markets in great detail. A must hear for all KWN listeners. Recently Ben appeared at the London Gold Conference on a panel with James Turk and others. Davies ran trading for RBS Greenwich Capital in London where he managed a macro portfolio. Ben Davies and Mark Mahaffey, former colleagues from RBS Greenwich Capital, established Hinde Capital in early 2007, primarily to focus on the precious metals and the commodity sector.
SILVER SHORTAGE, GOLD & XAU - James Turk: Chairman and Founder of Goldmoney.com - James has written “The Freemarket Gold & Money Report,” an investment newsletter since 1987. He has specialized in international banking, finance and investments since 1969. James subsequently joined the investment and trading company of a prominent precious metals trader based in Greenwich, Connecticut then moved to the United Arab Emirates to be appointed Manager of the Commodity Department of the Abu Dhabi Investment Authority, a position he held until resigning in 1987.
KWN Weekly Metals Market Wrap: We have added new segments to the KWN Weekly Metals Wrap covering gold, silver, trading and a plethora of other factors affecting the precious metals markets. I am giving King World News listeners globally access to what has long been my weapons in researching where gold and silver are headed directionally along with the COT Report. We Cover the Commitment of Traders Report in detail as well as a number of other factors which can influence the gold & silver market price action.
SILVER SHORTAGE, GOLD & XAU - James Turk: Chairman and Founder of Goldmoney.com - James has written “The Freemarket Gold & Money Report,” an investment newsletter since 1987. He has specialized in international banking, finance and investments since 1969. James subsequently joined the investment and trading company of a prominent precious metals trader based in Greenwich, Connecticut then moved to the United Arab Emirates to be appointed Manager of the Commodity Department of the Abu Dhabi Investment Authority, a position he held until resigning in 1987.
KWN Weekly Metals Market Wrap: We have added new segments to the KWN Weekly Metals Wrap covering gold, silver, trading and a plethora of other factors affecting the precious metals markets. I am giving King World News listeners globally access to what has long been my weapons in researching where gold and silver are headed directionally along with the COT Report. We Cover the Commitment of Traders Report in detail as well as a number of other factors which can influence the gold & silver market price action.
Monday, January 31, 2011
James Turk - Gold & Silver Have Reached an Important Bottom
James Turk - Gold & Silver Have Reached an Important Bottom
With volatility continuing in gold and silver, today King World News interviewed James Turk out of Spain. When asked about the action in precious metals Turk responded, “Through Friday’s close on the LBMA, silver remained in backwardation, even by the numbers reported on the LBMA’s site. The strong bounce on Friday after the option expiration combined with the backwardation is clear evidence that silver doesn’t want to stay down here in this area and is ready to move higher.”
Turk continues:
“If we get silver above $28.70, that will reverse the trend followers from short to long. The number on gold is $1,378. This is what is going to take gold and silver to new highs. You will see open interest expanding as people who were shaken out come in and put on long positions.
You have to keep in mind Eric that this little shakeout over the last couple of weeks has done nothing to change the very bullish fundamental factors that have been driving gold and silver higher. Most significantly the CRB CCI (Continuous Commodity Index) is at record highs. There is simply too much money being printed around the world and this monetary debasement is behind the ongoing bull market in gold and silver.
There is a relationship between Brent Crude and West Texas Intermediate with WTI normally trading at a premium to Brent Crude. However, over the last couple of weeks, Brent has climbed to a huge and record premium over WTI and has remained in the high 90’s. At one point Brent was trading as much as $12 higher than WTI which is unheard of.
The significance of the way these two oils are trading is that Brent is a more accurate reflection of global oil prices and is therefore mirroring the record high prices we are seeing in the global food indexes.
Given the usual close correlation between the CCI and global crude oil prices and gold and silver, we can reasonably conclude that the correction in gold and silver is over and that the precious metals are going to start climbing higher.
As further evidence that we have reached an important low, bullish sentiment and the commitment of traders report are at levels seen at important bottoms.”
For those of you who are making monthly purchases of physical gold and silver, continue to do so and do not try to time these markets. Evidence is mounting that both gold and silver are putting in a floor to the downside near these levels. It will be interesting to see how high the next rally takes them.
With volatility continuing in gold and silver, today King World News interviewed James Turk out of Spain. When asked about the action in precious metals Turk responded, “Through Friday’s close on the LBMA, silver remained in backwardation, even by the numbers reported on the LBMA’s site. The strong bounce on Friday after the option expiration combined with the backwardation is clear evidence that silver doesn’t want to stay down here in this area and is ready to move higher.”
Turk continues:
“If we get silver above $28.70, that will reverse the trend followers from short to long. The number on gold is $1,378. This is what is going to take gold and silver to new highs. You will see open interest expanding as people who were shaken out come in and put on long positions.
You have to keep in mind Eric that this little shakeout over the last couple of weeks has done nothing to change the very bullish fundamental factors that have been driving gold and silver higher. Most significantly the CRB CCI (Continuous Commodity Index) is at record highs. There is simply too much money being printed around the world and this monetary debasement is behind the ongoing bull market in gold and silver.
There is a relationship between Brent Crude and West Texas Intermediate with WTI normally trading at a premium to Brent Crude. However, over the last couple of weeks, Brent has climbed to a huge and record premium over WTI and has remained in the high 90’s. At one point Brent was trading as much as $12 higher than WTI which is unheard of.
The significance of the way these two oils are trading is that Brent is a more accurate reflection of global oil prices and is therefore mirroring the record high prices we are seeing in the global food indexes.
Given the usual close correlation between the CCI and global crude oil prices and gold and silver, we can reasonably conclude that the correction in gold and silver is over and that the precious metals are going to start climbing higher.
As further evidence that we have reached an important low, bullish sentiment and the commitment of traders report are at levels seen at important bottoms.”
For those of you who are making monthly purchases of physical gold and silver, continue to do so and do not try to time these markets. Evidence is mounting that both gold and silver are putting in a floor to the downside near these levels. It will be interesting to see how high the next rally takes them.
Thursday, January 13, 2011
James Turk - Momentum Toward Hyperinflation is Accelerating via KWN
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/1/13_James_Turk_-_Momentum_Toward_Hyperinflation_is_Accelerating.html
With gold and silver strengthening off of the lows, King World News interviewed James Turk out of Spain. When asked about the action and gold and silver and increasing inflation Turk stated, “So what we’re seeing here is the money being printed by central banks around the world is going to useful and valuable tangible assets. These rocketing prices are a clear warning that the momentum toward hyperinflation is accelerating.”
Turk continues:
You have to look at the big picture here. You’ve got commodity prices up across the board, but let’s look more closely at what’s happening. Corn prices have nearly doubled since June, wheat and soy bean prices are up more than 50% since June. People can blame bad crops and bad weather, but the reality is there is too much money chasing the availability of food.
Which brings us to gold and silver, the CRB continuing commodity index is at a record high. What King World News readers need to understand is that there is a direct correlation between the CCI and gold and silver prices.
With the CCI poised to climb even higher because of the increasing attention paid to food prices being at record levels, you should understand this will translate into higher gold and silver prices going forward.
Remember, last Friday when I was talking about the black-box trend followers reversing their positions and feeding the pockets of the commercials, that’s the first half of the story. The second half of this story is that the black-box trend followers will reverse their positions once again and become buyers above $1,400 gold and $30 silver. When that buying comes in, that will be the momentum to drive both gold and silver to new highs.
Investors should continue to accumulate both gold and silver with their monthly buy programs.
Bullishness by gold traders has dropped to shockingly low levels at this point in the bull market. I would say that we will need to have an increase of almost 25% more bulls for this move in gold to crescendo.
In order for that to take place gold will have to put on one hell of a move to the upside. If the sentiment numbers turn out to be a proper guide, I would say the gold shorts are about to be butchered once again, much to the delight of hard money advocates around the globe.
Eric King
KingWorldNews.com
With gold and silver strengthening off of the lows, King World News interviewed James Turk out of Spain. When asked about the action and gold and silver and increasing inflation Turk stated, “So what we’re seeing here is the money being printed by central banks around the world is going to useful and valuable tangible assets. These rocketing prices are a clear warning that the momentum toward hyperinflation is accelerating.”
Turk continues:
You have to look at the big picture here. You’ve got commodity prices up across the board, but let’s look more closely at what’s happening. Corn prices have nearly doubled since June, wheat and soy bean prices are up more than 50% since June. People can blame bad crops and bad weather, but the reality is there is too much money chasing the availability of food.
Which brings us to gold and silver, the CRB continuing commodity index is at a record high. What King World News readers need to understand is that there is a direct correlation between the CCI and gold and silver prices.
With the CCI poised to climb even higher because of the increasing attention paid to food prices being at record levels, you should understand this will translate into higher gold and silver prices going forward.
Remember, last Friday when I was talking about the black-box trend followers reversing their positions and feeding the pockets of the commercials, that’s the first half of the story. The second half of this story is that the black-box trend followers will reverse their positions once again and become buyers above $1,400 gold and $30 silver. When that buying comes in, that will be the momentum to drive both gold and silver to new highs.
Investors should continue to accumulate both gold and silver with their monthly buy programs.
Bullishness by gold traders has dropped to shockingly low levels at this point in the bull market. I would say that we will need to have an increase of almost 25% more bulls for this move in gold to crescendo.
In order for that to take place gold will have to put on one hell of a move to the upside. If the sentiment numbers turn out to be a proper guide, I would say the gold shorts are about to be butchered once again, much to the delight of hard money advocates around the globe.
Eric King
KingWorldNews.com
Friday, January 7, 2011
James Turk - New Buyers Taking on Silver Shorts is Very Bullish
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/1/7_James_Turk_-_New_Buyers_Taking_on_Silver_Shorts_is_Very_Bullish.html
With the ongoing consolidation in gold and silver, King World News today interviewed James Turk out of Spain. When asked about the fact that trading in the silver market has changed in recent months Turk commented, “One other indicator that the game has changed is that Comex open interest actually increased on Wednesday’s big takedown. What this means is that all of the silver shorts that are being put on are being met by new buyers.”
Turk continues:
“In other words there has been no net long liquidation, which one would expect on a big price drop. The bottom line is that it looks like new buyers are willing to take on the silver shorts, which is very bullish.
When I was reading the KWN interview with John Embry I was nodding in agreement because when I did my annual forecast this year, I said to expect the low price of the year in January, possibly even the first week which is broadly consistent with what John was saying.
If you are looking to accumulate under your ongoing program, don’t hesitate, buy right here. A couple of months from now you are going to look back on this price and be happy that you bought at these levels.
If you are looking to trade here, this is probably also a buying opportunity. But be mindful of Friday afternoons when the markets are notoriously illiquid which therefore enables the shorts to paint the tape. On these occasions in the past, buying the Friday close has been a good way to play these markets.
Remember, these corrections are designed to shakeout the weak hands, and if at all possible to get the black box trend followers to reverse their positions from long to short. These traders using mathematical models have been cannon fodder for years, up until the last several months. The charts have shown however that the game has changed.
But in the midst of all of this volatility, we need to focus on the big picture, which is both gold and silver remain relatively undervalued. They continue to be good assets to buy because of central bank policies like zero interest rates and quantitative easing which debase the purchasing power of national currencies.
As an example Eric, we have just seen a report that inflation has driven the world food price index to an all-time high. This is what I have been trying to convey to King World News listeners and readers, the purchasing power of their currencies is being steadily eroded, and the best way to protect yourself is to own physical gold and physical silver.”
There is a fascinating bull/bear battle developing at the $30 level on silver. Eventually, when $30 silver is taken out on the upside with conviction, we will see some fireworks to the upside. A solid breach of that $30 level should mark the beginning of the next upleg in both gold and silver. As James said, just continue to accumulate each month and hold for the long-term.
Eric King
KingWorldNews.com
With the ongoing consolidation in gold and silver, King World News today interviewed James Turk out of Spain. When asked about the fact that trading in the silver market has changed in recent months Turk commented, “One other indicator that the game has changed is that Comex open interest actually increased on Wednesday’s big takedown. What this means is that all of the silver shorts that are being put on are being met by new buyers.”
Turk continues:
“In other words there has been no net long liquidation, which one would expect on a big price drop. The bottom line is that it looks like new buyers are willing to take on the silver shorts, which is very bullish.
When I was reading the KWN interview with John Embry I was nodding in agreement because when I did my annual forecast this year, I said to expect the low price of the year in January, possibly even the first week which is broadly consistent with what John was saying.
If you are looking to accumulate under your ongoing program, don’t hesitate, buy right here. A couple of months from now you are going to look back on this price and be happy that you bought at these levels.
If you are looking to trade here, this is probably also a buying opportunity. But be mindful of Friday afternoons when the markets are notoriously illiquid which therefore enables the shorts to paint the tape. On these occasions in the past, buying the Friday close has been a good way to play these markets.
Remember, these corrections are designed to shakeout the weak hands, and if at all possible to get the black box trend followers to reverse their positions from long to short. These traders using mathematical models have been cannon fodder for years, up until the last several months. The charts have shown however that the game has changed.
But in the midst of all of this volatility, we need to focus on the big picture, which is both gold and silver remain relatively undervalued. They continue to be good assets to buy because of central bank policies like zero interest rates and quantitative easing which debase the purchasing power of national currencies.
As an example Eric, we have just seen a report that inflation has driven the world food price index to an all-time high. This is what I have been trying to convey to King World News listeners and readers, the purchasing power of their currencies is being steadily eroded, and the best way to protect yourself is to own physical gold and physical silver.”
There is a fascinating bull/bear battle developing at the $30 level on silver. Eventually, when $30 silver is taken out on the upside with conviction, we will see some fireworks to the upside. A solid breach of that $30 level should mark the beginning of the next upleg in both gold and silver. As James said, just continue to accumulate each month and hold for the long-term.
Eric King
KingWorldNews.com
Monday, January 3, 2011
2011 Outlook for Gold, Silver & Mining Shares from James Turk of GoldMoney.com
Dear FGMR Newsletter Subscriber,
The following new articles have been added to the FGMR website:
The Outlook for 2011
January 3, 2011 – It is that time of the year again to record my expectations and outlook for the year ahead. But before looking at 2011, ...
For more information, please click here: http://www.fgmr.com/outlook-for-2011.html
Kind regards,
FGMR Newsletter Service
The following new articles have been added to the FGMR website:
The Outlook for 2011
January 3, 2011 – It is that time of the year again to record my expectations and outlook for the year ahead. But before looking at 2011, ...
For more information, please click here: http://www.fgmr.com/outlook-for-2011.html
Kind regards,
FGMR Newsletter Service
Is one of the World’s Richest Men Getting Into Silver? via King World News
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/1/3_Is_the_Worlds_Richest_Man_Getting_Into_Silver.html
A source in mergers and acquisitions out of Europe has alerted King World News that Carlos Slim may be looking to enter the silver market in a big way. Gold and silver are in big bull markets and this is attracting the attention of some of the smartest money around the globe. James Turk commented, “If this deal does happen Eric, this is going to make the silver shorts choke.” Fresnillo has a current market cap of roughly $19 billion.....
Eric King - As gold and silver continue to gain prominence in the financial world, it may be the biggest money in the world which is now wanting a stake. If Carlos does this deal as Turk said, it will make a great many investors around the globe take a look at the silver market....
http://www.gata.org/node/9474
Is zillionaire Slim taking a position in silver?
Submitted by cpowell on Mon, 2011-01-03 18:47. Section: Daily Dispatches
1:45p ET Monday, January 3, 2011
Dear Friend of GATA and Gold (and Silver):
Eric King of King World News and GoldMoney's James Turk today discuss speculation that Mexican zillionaire Carlos Slim is considering getting into the precious metals market by purchasing a large position in silver miner Fresnillo. Excerpts from their discussion have been posted at the King World News blog under the headline "Is the World's Richest Man Getting into Silver?"
Thursday, December 30, 2010
James Turk On King World News Says Gold will hit $2,000 an oz & Silver will hit $50 an oz in 2011
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/12/30_James_Turk.html
This is another great interview conducted by Eric King of King World News who sits down with James Turk Founder & CEO of GoldMoney.com who makes some price predictions about Gold, Silver & the mining shares on King World News.
This is another great interview conducted by Eric King of King World News who sits down with James Turk Founder & CEO of GoldMoney.com who makes some price predictions about Gold, Silver & the mining shares on King World News.
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