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Historic explosion in gold likely imminent, Turk tells King World News
10:36p ET Wednesday, July 10, 2013
Dear Friend of GATA and Gold:
GoldMoney founder and GATA consultant James Turk tells King World News tonight that Federal Reserve Chairman Ben Bernanke acknowledged in his comments today that the U.S. economy is not strengthening much, that unemployment is worse than officially reported, and that "quantitative easing" won't be ending soon. Turk adds that the recent smashing of the gold price has pushed the metal into strong hands that aren't likely to be selling easily even as a short squeeze develops. The recent low in gold, Turk says, is likely a historic turning point and well may be comparable to the low in 2008, which preceded an explosion in prices. An excerpt from the interview is posted at the King World News blog here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/7/11_Tu...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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