James Turk: “Expect a Tidal Wave of Buying & Short Covering in Gold” & More

Australia Practices Gold Price Celebrations on New Year's Eve, 2011

Australia Practices Gold Price Celebrations on New Year's Eve, 2011

Mr James Turk thinks the gold price is easily on course to hit his target of $2,000 dollars an ounce by the end of the year. All the fundamentals are in alignment.

Is he an astrologer or is he talking sense?

You decide:

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About Andy Duncan

An Austrian Internet Vigilante trying to live Outside the Asylum
This entry was posted in Goldbugs, King World News and tagged , . Bookmark the permalink.

4 Responses to James Turk: “Expect a Tidal Wave of Buying & Short Covering in Gold” & More

  1. Paul Vahur says:

    James Turk sells gold (through GoldMoney.com) and has been positive about gold price since 2000 and beyond. Nothing wrong with that, but his forecasts have always been too optimistic.

  2. Andy Duncan says:

    Yes, you do have to filter what he says through his propensity to sell his book, and push his business, but I think he’s still very well worth listening to for his market insight.

  3. Paul Vahur says:

    Following gold price is a crazy ride, especially this July. Usually gold stays put or falls in July but this year it has gained 10%. According to Kitco tables the biggest gain in July until this year has been 5%. I know this because I sold some gold just recently, right before the big gain 😛

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