Today James Turk told King World News that the ‘cartel’ which has been manipulating the gold and silver markets is now entering a stage where the situation is becoming more desperate. This is yet another fascinating chapter in the gold and silver war. Here is what Turk had to say: “The last few days have given us a good example of how the gold cartel operates, Eric. It is a classic example of how the big players in the paper market can move the price of physical gold and silver.”
“On Wednesday, just a few days ago and after the Fed announced its new QE program that is so bullish for the precious metals, silver closed above short-term resistance around $33.20. Gold rose that day too, but interestingly, did not manage to close above its key short-term resistance level at $1720.
Nevertheless, as one would expect, these price jumps are a result of a lot of new buying that came into the market in response to the Fed’s new program aimed at debasing the dollar by funding the federal government’s horrendous operating deficits….
Keep on reading @ kingworldnews.com