James Turk – Expect a Spectacular Short Covering Rally in Gold

James Turk – Expect a Spectacular Short Covering Rally in Gold

James Turk – Expect a Spectacular Short Covering Rally in Gold
August 27, 2011
With gold accelerating today’s gain in access market trading to over $57, King World News interviewed James Turk to get his thoughts on where gold and silver are headed from here. When asked about the action in gold Turk stated, “This was a big day and a great close to the week. The strength that gold displayed suggests that we are going to probe $1,900 very quickly, possibly as soon as next week. What seems apparent is that a lot of people jumped on the short side and are now caught, so the short covering rally could be quite spectacular.”
James Turk continues:
read more, source: James Turk – Expect a Spectacular Short Covering Rally in Gold

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