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Wild events, options expiration hint at short squeeze in silver, Turk tells KWN
10:34a ET Saturday, August 24, 2019
Dear Friend of GATA and Gold:
Wild events internationally and futures option expiration next week raise the possibility of a short squeeze in silver next week, GoldMoney founder and GATA consultant James Turk told King World News yesterday.
Repeated "flag" patterns in the silver price chart are indicating a bull market, Turk says. He adds that he has never seen monetary metals mining shares as undervalued as they are now.
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The likelihood of a long-lasting bull trend in the monetary metals is growing, Turk says.
He adds that negative interest rates on cash can exceed storage fees on gold and silver, making it more sensible to hold the monetary metals than cash.
The interview is 17 minutes long and can be heard at KWN here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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