You are here

James Turk says $50+ silver is days or weeks away, not months

Section: Daily Dispatches

From King World News
Sunday, October 20, 2024

Today GoldMoney founder James Turk warned King World News that $50 silver is days or weeks away, not months.

"You know what I find noteworthy about all these record highs in gold, Eric? It's the lack of excitement normally seen at bull market tops.

... Dispatch continues below ...


... ADVERTISEMENT ...

First Majestic Mines Silver and Gold 
in Mexico and Operates Bullion Store

First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The company owns and operates the San Dimas silver and gold mine, the Santa Elena silver and gold mine, and the La Encantada silver mine as well as a portfolio of development and exploration assets, including the Jerritt Canyon gold project in northeastern Nevada.

In 2024 these mines are projected to produce between 21.1 to 23.5 million silver-equivalent ounces, consisting of 8.6 to 9.6 million ounces of silver and 150,000 to 167,000 ounces of gold, with an all-in sustaining cost of $19.32 to $20.68 per payable silver-equivalent ounce.

For information about the company, visit:

https://www.firstmajestic.com/

In a practice unique to First Majestic, the company offers a portion of its silver production for sale to the public. Bars, ingots, coins, and medallions are available for purchase online at the company's bullion store at some of lowest premiums available. 

In Q1 2024 First Majestic will also commence bullion production from its 100%-owned and operated minting facility, First Mint LLC, to manufacture its own exceptional silver bullion products catering to the growing demand for physical silver.


"Few people are paying attention. That usually means a bull market has much further to run, from which we can presume that gold at $2700 is still early in this uptrend.

"So today looks to me like the early stage of other great bull markets in gold I've lived through since 1971. It’s like $45 in 1971 on its way to $200 two years later, or $100 in 1976 then climbing to its 1980 high of $850, or $340 in 2002 on its way to $1900 in 2011 after the Great Financial Crisis. 

"The current uptrend began in November 2023 when gold finally hurdled $2,000 into new record highs. Since then it has been stair-stepping its way higher to new records, as we can see in this chart. ...

... For the remainder of the report:

https://kingworldnews.com/james-turk-says-50-silver-is-days-or-weeks-away-not-months/

* * *

Support GATA by purchasing
Stuart Englert's "Rigged"

"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon:

https://www.amazon.com/Rigged-Exposing-Largest-Financial%20-History/dp/1651405204/ref=sr_1_fkmr1_2?keywords=rugged+stuart+englert&qid=1579708888&sr=8-2-fkmr1

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16