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Turk sees good chance of short squeeze in gold; Ing reports buy signal
10p ET Monday, June 30, 2014
Dear Friend of GATA and Gold:
At King World News, GoldMoney founder and GATA consultant James Turk explains why he's not so frightened of unfavorable weekly futures trader position reports from the U.S. Commodity Futures Trading Commission. The weekly report, Turk says, "is inconsequential compared to what happens outside the futures markets. Most estimates I’ve heard over the years suggest that the over-the-counter paper market is 10 times the size of futures." Turk says he senses a short squeeze coming on. His interview is excerpted here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/6/30_Ja...
Meanwhile Canadian market analyst John Ing tells KWN he sees a buy signal for the monetary metals:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/6/30_Le...
CHRIS POWELl, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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