James Turk: Silver in Backwardation- No One Wants the Counter-Party Risk!

James Turk都好耐無發聲

James Turk joins us this week for a MUST LISTEN show discussing:

• Silver Has Been in Backwardation Since January– No One Wants the Counter-Party Risk!
• The writing is on the wall for Greece- Bail-in appears inevitable! 
• When Greece is bailed-in, Will Contagion Rip Across the Banking Systems of France, Italy and Spain?
• Turk Explains Why Fiat Currency is Coming to a Conclusion
• Governments Will Come Back to Gold Either Willingly, or Kicking and Screaming!
• When the Big Black Swan hits, Will Americans Finally Wake Up to the Encroachment of Fascism? 
• Why it is Prudent to Protect Your Wealth With THINGS…Not Promises! 
• Turk Explains Why Buying Gold Today at $1200 is Better Than Buying Gold at $35 in 1971!The SD Weekly Metals & Markets With The Doc, Eric Dubin, & James Turk is below:
•  
•  

http://www.silverdoctors.com/

2011年狀況或將重演 QE結束金銀價獲得推升

著名貴金屬分析師、GoldMoney創始人James Turk認為，在經過了過去幾周黃金和白銀的糟糕表現後，現在疑惑的問題應當是“最糟糕的時刻是否已經過去”。

　　Turk認為，本周金價的反彈是讓人報以希望的信號。

　　“貴金屬在試圖穩定下來，本周初的回升就是穩定的結果。可以說這只是轉變的一小步，但轉變總要有個開始。”

　　Turk認為，無論黃金和白銀下跌的趨勢有沒有真的扭轉，但毫無疑問黃金和白銀是處於非常超賣的狀態。

　　Turk認為，像上周這樣連續5個交易日收跌的情況是很少見的，“這就表明了黃金有多麽超賣。並且目前對黃金和白銀普遍非常負面的情緒是另一個 信號。但要註意的是，無論是黃金還是白銀都沒能跌破2013年的低點，我認為這是很重要的。更高的低點表明了有上升趨勢，可能還不成氣候，但確實在那 裏。”

　　盡管目前對黃金的市場情緒非常看空，並且近期金價有大幅下跌，但今年至今，金價還是有2.5%的漲勢。白銀價格波動更大，下跌了差不多3%，但Turk認為，如果目前真是個轉折點，那麽銀價的這3%的跌幅很快就能被抹去。

　　本周有美聯儲的FOMC會議，因此在會後聲明出臺前，黃金和白銀可能會保持比較安靜的狀態。

　　目前已經接近QE3結束，在2011年QE2結束時，股市曾經大跌而金價有上漲。因此，這一次歷史是否會重演是值得關註的。

　　Turk認為，美聯儲的QE沒能像他們希望的那樣刺激經濟，反而只是幫助那些缺乏流動性和技術上沒有償付能力的銀行茍延殘喘。

　　另一個結果就是QE使得股市和債市被推進泡沫中，而與此同時，金價則被紙面市場的拋售而壓低。市場最不喜歡的就是過度低估或者過度高估，而這剛好是目前股市債市和黃金白銀的區別。

　　因此，Turk認為，很可能重演2011年的狀況，資產價格會回升，也就意味著股市債市下跌，金價銀價上漲。

James Turk：西方國家央行將在年內用光所擁有黃金

2014-04-24 13:50:36 來源: FX168財經網


著名貴金屬分析師James Turk向黃金投資者提醒，最近期貨市場上出現的“現貨溢價”情況，預示著央行對黃金價格的操縱正在失效。他預計，年內西方央行將會彈盡糧絕，用光黃金儲備。

著名貴金屬分析師、GoldMoney創始人James Turk認為，西方各國央行將在今年年內就用光黃金。

Turk認為目前黃金市場所發生的一切都是令人難以置信的，是從來沒有發生過的。

“黃金和白銀的低價沒有被打破，進入築底模式到現在已經差不多9個月了，”Turk說，“這說到底是很看漲的。但黃金的現貨溢價卻一直在不停的在繼續出現。這就不得不問到，為什麼會這樣呢？“

對此，Turk認為比較合乎邏輯的理由是：這種新現象並不是正常情況，而是央行出手壓制黃金價格的結果。 Turk指出，“他們（央行）所做的卻使得黃金從西方央行的金庫中被拿出，留到了有大量實物需求的亞洲市場上去，但這卻沒有消除現貨溢價。”Turk說，“所以這是個非正常的市場，黃金的價格被低估。”

Turk認為，在消除這些因素後，金價會像1999年出現現貨溢價，以及2008年低價時所出現的那樣的上漲。

Turk稱今年最終將是比較好的一年。第一季度金價上漲了7%，4月儘管金價有所回落，但他認為到年底黃金和白銀的表現在這一年都將是不錯的。

此外，Turk說：“現貨溢價仍然在，此外還有消息稱那些最隱秘的西方的金庫中上世紀60年代生產的老金條都被拿出來用，這說明容易獲取的黃金已經沒有了。現在西方的央行都在尋找更隱秘的金庫中的黃金來試圖滿足實物市場。”他認為西方央行在今年內就將用完自己所擁有的黃金。

黃金市場出現8個月來最大現貨溢價操縱正在失效- James Turk

著名貴金屬分析師、GoldMoney創始人James Turk稱， 目前黃金市場出現了8個月來最大的現貨溢價 。
 
Turk提到週一(4月21日)亞市，復活節假期後金價的交易，他指出當時價格受到操縱。 他聲稱，“首先他們把金價快速拉升至1302 美元 /盎司，吸引了止損性買盤的入場（buy stop），再在1300上方賣出，將價格打壓至1382。然後，利用在快速下跌過程中，新的止損性賣盤，重新買入黃金，實現盈利。這20美元的差價就發生在幾個小時裡，並且是一天中流動性最小的時候。
 
Turk指出，他們的目標是把價格維持在1300美元/盎司下方，通過賣盤止損和買盤止損兩點間的拋售盈利。 ”Turk繼續說：“這是很典型的這幾年一直有的模式，以空頭把貴金屬價格拉低，然後讓盡可能多的期權到期，使得空頭吸收溢價。 ”
 
不過Turk認為，金價下行壓力是暫時的，並稱復活節假期前，倫敦市場休市前，出現了去年8月以來最大的現貨溢價。
 
“因此實物黃金的供應仍然很緊，”Turk說，“紙黃金市場可以隨便做空，但這和真正擁有實物黃金是不同的。”
 
“要維持零利率政策，黃金利率就也要被操控，”Turk說，“在零利率政策的環境下，黃金利率已經下跌到遠遠低於自由市場應該有的水平。”
 
現貨溢價高意味著人們更傾向於持有黃金而非貨幣，Turk認為，這就是為什麼各國央行會對黃金市場有所 ​​干涉的原因。
 
現貨溢價意味著可以​​出售現貨黃金然後未來再以低價買回，還可以避免儲存費用，並且獲得利率收益。
 
Turk認為，目前這樣黃金長期持續現貨溢價的狀況是非理性的。 “央行最害怕的惡魔就要到來了，”Turk說，“那些擁有黃金的大手情願持有黃金也不​​願意出售套利。這些大手在面對套利誘惑時依然選擇持有黃金而不是換成貨幣，因此，看起來，我們是很接近央行將無法再把金價壓低了。”
 
Turk提到了各國央行此前為壓低金價所做的“愚蠢”行為，比如在上世紀60年代，美國政府曾經為了將金價壓低在35美元/盎司而拋售了諾克斯堡的1萬噸黃金，蘇聯則在1990年試圖避免其計劃經濟破裂而出售了其三分之二的黃金儲備。
 
“因此，要關注央行所做出的愚蠢行為，並且專注在價值上，”Turk說，“ 很顯然黃金和白銀的價值被低估了，而持續幾個月的現貨溢價顯示出央行們正在失敗中 。

著名分析師Turk：空頭正慌亂2014年金銀正當時

著名貴金屬分析師、GoldMoney創始人James Turk認為金價很快會突破1925美元/盎司，並且認為做空的投資者現在處在“非常慌亂”的情緒中。

Turk認為各國央行和一些黃金銀行對金價操控的減少帶來了這波金價上漲，“但問題是，他們什麼時候會回來繼續控制呢？”Turk認為比較符合邏輯的價格是1350美元/盎司。

“但在1300美元/盎司的水平他們就可能回來，在目前的金價下有不少大的售出。”Turk說，“整數價格是很關鍵的點，因為短期交易者會要獲利了結。並且黃金200天移動均線也很重要，自去年4月後它就一直在下跌中。”

不過，隨著華盛頓總統日這個美國3日週末的到來，Turk認為會有更多的空頭回補。

此外，Turk認為白銀也是不能被忽略的。在1月底黃金白銀比升到了65，而目前這一數字在下跌，到了64以下。 “白銀突破20.25至20.40美元/盎司的阻力點後，有了更多上升動量。黃金白銀比會有更多下降。”

Turk認為基本上一切都在朝著對貴金屬有利的方向發展，意大利政府危機、德國憲法法院對歐洲央行“無限制債券購買計劃”訴訟到歐洲法院、日本疲軟貨幣帶來的巨大貿易逆差等等， “這都還是比較明顯的因素，更別提美聯儲繼續印鈔，美元指數會下跌等。”Turk說。

最後，Turk總結稱2014年對擁有實物黃金和白銀的人來說會是相當不錯的一年。 “說不定什麼時候金價就忽然升到1925美元/盎司了。”

利率上升將令2014成為災難 唯有黃金才是機會

2013年即將過去，2014年即將到來。美聯儲終於開啟削減QE規模，基準美債收​​益率重返3%，黃金價格在1200關口附近沈淪。對於廣大投資者來說，新的一年是新的機遇，亦或是市場動蕩的轉折點？

　　美國經濟是“藥罐子”

GoldMoney基金創始人和主席、《紙幣的泡沫》作者James Turk週二（12月31日）接受采訪時媒體採訪時表示，“試想一下，當美聯儲宣布削減100億美元/月的購債規模時，美債收益率將扶搖直上。”

Turk指出，“公平地講，因為美元資產的風險加大，美債收益率確實需要提高，才能吸引投資者。在過去10年中，美國經濟早已是一個依賴市場幹預和央行救助的'藥罐子' 。但是利率上升，對美國經濟來說，依然是不治之癥。”

美國經濟已經過度依賴負債，即使是目前低迷的利率水平，也無法讓經濟復蘇順暢。現在美國經濟對於負債的依賴，已經超過2008年次貸危機時水平，因此利率上升將會扼殺經濟活力。

1970年，美國GDP規模在1萬億美元，信貸市場規模在1.6萬億美元，比值為1.6。到2000年，美國GDP規模增長值10萬億美元，而信貸市場規模暴增至28.1萬億美元，比值跳升至2.81。次貸危機爆發時，美國GDP規模在14.4萬億美元，而信貸市場已經到達臃腫的53.6萬億美元，比值為3.7。

滯漲會捲土重來

　　還記得沃克爾時期的美聯儲嗎？當時天價的利率水平確實拯救了美元，但代價是1981-82年經濟衰退。這也是在2008年次貸危機爆發前，美國自二戰以來最嚴重的衰退。
Turk警告稱，“美聯儲在9月份阻止（意外未開啟削減QE）了基準美債收​​益率上3%，但我強烈懷疑這一次美聯儲能否阻止。利率上升將成為全球市場在2014年的最大難題，將導致災難性的後果。投資者正在賣出長期美債，並且預期通脹將會走高。”

10年期美債收益率走勢（紅色區域為美國經濟衰退） 來源：彭博

10年期美債收益率年率變化（紅色區域為美國經濟衰退） 來源：彭博

由上圖觀察可得，當10年期美債收益率年率變化接近2%水平時，美國經濟極有可能出現新一輪衰退週期。 Turk的警告並非危言聳聽。

　　真相永遠是真相

在這一系列的影響之下，唯一能夠獨善其身的，或許只有黃金。正如摩根大通（JPM）在1912年國會證詞時說的，“只有黃金才是'貨幣'。”

對此，Turk表示，“真相永遠都是真相，只是預期的價格會與時俱進。黃金在2014年可能會重新走高，一雪2013年前恥。”

當問及2014年黃金可能觸及什麽價位時，Turk聲稱，“我認為最終金價將會站上2000美元/盎司。”

James Rickards gold is money

黃金和白銀才是購買力的保證

JAMES TURK: This Always Ends the Same Way, HYPERINFLATION — $400 Silver & $8,000 Gold Between 2013 – 2015

Our friend Sean from SGTReport.com has released an interview with James Turk, Founder of GoldMoney from Spain discussing how the FED’s latest actions spell doom for the Dollar. James reminds us that what is happening in the United States RIGHT NOW thanks to the privately owned Central Bank always ends the same way: In disaster for the currency.

We’ve seen it before: Weimar Germany, Zimbabwe, Argentina, Serbia… and we’ll soon see it in AmeriKa. James also revisits his decade long prediction of $400 silver and $8,000 gold.  Turk sees these levels occurring as early as 2013-2105, along with hyperinflation. The fuse has been lit and time is running out.



Part 1: ‘This Always ENDS the Same Way: Zimbabwe, Argentina… AmeriKa’





Part 2: ‘WARNING: Currency Cliff Ahead = $400 Silver, $8,000 Gold’

James Turk - Gold & Silver To Overrun Central Planners

Today James Turk told King World News that this move in gold and silver may be the start of the “big one.” Turk also warned if that is the case, then we are nearing the point where gold and silver buyers will, “... totally overrun the central planners.” 

Here is what Turk had to say:  “The precious metals have been exhibiting exceptional strength, Eric, and I am not just talking about their big gains in price.  I am referring to the way they have been trading. Their extraordinary strength is clearly visible on an intraday chart.  Both precious metals have been forming the same pattern going back to the lows in August when gold was under $1600 and silver was under $30.”

James Turk continues:

The price of gold and silver jumps, but then something rare happens.  Instead of falling back in a correction to consolidate their price gains, which is normal trading action and therefore to be expected, gold and silver just move sideways.  Then, after a few days, they again score another big jump in price, followed by another sideways move.  If you look at their charts for the last few weeks, there have not been any normal pullbacks.

This trading action confirms the point I have been making in our recent interviews....

“There is a lot of money on the sidelines waiting to enter a market in which physical metal is tight.  When you couple that with the amount of shorts looking to cover, gold and silver are not being given any opportunity to correct in the normal way with a typical pullback. 

Buyers are not giving the precious metals a chance to correct.  Their price just moves sideways, thus thwarting the selling from central planners who do not want to see the precious metals move higher.  A sideways consolidation is one of the strongest patterns you can find in a bull market, so the way gold and silver have been trading bodes well for more big price gains in the weeks and months ahead. 

In fact, Eric, I keep asking myself whether this remarkable display of strength is telling us something important.  Is it a subtle signal that we are at the beginning of an uptrend that will not only lead to new record highs, but is this the beginning of the move that in the next few months will result in the ‘big one,’ when gold and silver buyers totally overrun the central planners?  

Only time will tell of course, but the ‘big one’ will be spectacular.  Gold and silver will just keep climbing in panic buying because people will be rushing out of all types of paper in order to protect their wealth by buying physical gold and physical silver.

I have been expecting this ‘big one’ for some time - and recommending that everyone patiently accumulate physical metal while waiting for it.  It will happen because the reality is that the market is bigger than any government or group of governments acting in concert to manipulate prices with their interventions.

Governments intervene because they don't like the message that the market is giving them.  They think they can create a new reality, but they can't.  Eventually, their interventions just distort the market process and prevent true price discovery that actually reflects prevailing conditions.  So these interventions are always doomed to failure. 

Just look at the dozens of currency collapses since WWII.  Each one is plain evidence that currencies backed by nothing but central planner promises are doomed.  When their collapse occurs, gold and silver do not pull back in a normal correction.  They just keep heading higher.

There are other signs that are pointing out that this may be the ‘big one’ besides the way gold and silver are trading.  Look at the dollar, which has been heading south for several weeks now.  Its chart looks terrible, and suggests the flight from paper is building.  The same conclusion can be reached by looking at US Treasuries.

Even though the Fed has said it will keep long-term interest rates low, T-bond and T-note yields are creeping up.  It is another sign that money is fleeing paper, but here's the important point, Eric, we cannot predict the future, but we all intuitively know a safe-haven when we see one, and that of course means gold and silver.  They are the ultimate safe haven because they do not have counterparty risk.

詹姆斯·特克，GoldMoney與理查德Poulden面談泛亞黃金交易所

 


王SIR解說泛亞黃金交易所

The top five gold commentators

http://therealasset.co.uk

There are a range of commentators on the precious metals but there is a golden elite whose insights, opinions and research should not be missed by gold investors. These gold market luminaries can be found in a number of places, and come from a variety of backgrounds. We thought it a good moment to pay our respects, explain to others why these gold commentators are so notable and deserving of your attention, and talk a bit more about why we think they’re so great. Read on for a range of sources that are sure to help your gold investment knowledge.
We’ve compiled a list of our top 5 gold commentators, who are worth seeking out. This is by no means scientific or definitive, but it is a collection of bankers, investors, traders and entrepreneurs who have helped us develop our world view. We have only included commentators that are alive and thus highly accessible today, had we not the late Ferdinand Lips would have surely been included. We have also tried to keep it focused on the gold and silver markets; we would otherwise have been sure to mention the likes of wider forecasters and trend spotters such as Bill Bonner. Tell us if we’ve missed anyone off the list in the comments section below! And, while you’re at it recommend your favourite commentators or analysts.

Jim Sinclair – ‘Mr Gold’

Jim Sinclair is a legendary trader with decades of experience in the gold, silver, commodities, and foreign exchange markets. He is often known as Mr Gold because of his hugely deep knowledge of and association with the gold market. Jim grew up amongst trading royalty, his father being business partners with Jesse Livermore. He has built and sold a number of financial businesses, worked as a advisor to the Hunt brothers in the early 1980s to help run down their silver position, and has published numerous magazine articles and books about investment and the markets.
Back in 2000 Jim forecast a gold price of $1,760 in ten years’ time. His price target was hit in August 2011, rather poetically on the day of the August GATA conference in London. Can he correctly forecast the gold market again? We cannot say for sure, but Jim is better placed than almost anyone else to try. Gold investors will be greatly helped in their journey by this market heavyweight.
You can regularly hear Jim speak on King World News, and we also highly recommend his website that is a fantastic free resource for gold investors: www.jsmineset.com.

Ben Davies

Since founding his precious metals fund in 2007, Ben Davies has shot to prominence in the precious metals markets where he is one of the top commentators and investors. His place at number two in our list is all the more remarkable because he is many years (in some cases decades!) younger than the assembled company. His historical grasp of the gold and silver markets lacks precious little when compared to more senior others listed here.
Ben was previously a trader in the fixed income markets, and was previously head of trading at RBS Greenwich Capital in London. We had the pleasure of interviewing Ben earlier in 2012. Ben’s fund, Hinde Capital, produces some of the best research for gold and silver investors. Hinde’s research is deep, extensive and highly educational, but be warned it can sometimes be over 50 pages long. Ben’s reports cover a range of areas from the danger of gold ETFs, state intervention in markets, and even short term market updates with a specific market call. There are few, if any, who can call markets consistently over the short term, by Ben, like Jim Sinclair above, is one of the best placed to do so. His piece ‘Silver Criticality’ was one of the best short term calls in the volatile silver market. He told us he had to rush this out in 24 hours, in time with his suddenly building hunch about a drop in the silver price. Ben’s research will also direct you onto other great academics, analysts and traders, such as Peter Bernholz, Didier Sornette, Benoit Mandelbrot and others, whose research, books and insights will also help your investing and world view.
You can read reports from Hinde Capital here, and Ben also features regularly on King World News. You can enjoy Ben’s Tweetstream and personal insights into his business life via @HindeCapital.

Eric Sprott

Eric Sprott has many decades of experience in the investment industry and founded the now >$11bn Sprott Asset Management. Eric is one of the most eloquent speakers and writers in the precious metals markets, and another very popular conference speaker. His analyses of wider macro issues affecting currency wars, leverage and debt, and state induced imbalances is superb. Eric is a thought leader for investors, and savers might benefit from listening carefully to him on why keeping money in the bank is not necessarily a safe investment.
Eric is another investor not afraid to call individuals and institutions to account. He is an outspoken critique of the meddling of central bankers, and campaigns for greater fairness in the precious metals markets. Specifically Eric has a grievance with the price discovery process that sets the gold and silver prices. He believes the paper and derivatives markets set the gold price, when it is in fact the physical market that is the real and honest market investors should participate in. It was for this reason that Eric called on silver miners to think differently about the silver bullion product they produce.
Eric appears regularly on King World News, and he and others from Sprott AM write excellent monthly newsletters called ‘Markets at a Glance’.

James Turk

James Turk is another godfather of the gold market. He was a trained banker, with Chase Manhattan Bank, before moving into the investment and trading worlds. James also managed commodities for an Abu Dhabi Sovereign Wealth Fund, and has written “The Freemarket Gold & Money Report” since 1987. James’ analysis, and his ‘Fear Index’, have become greatly respected in the precious metals markets.
James is a great student of sound money and Austrian economics, and is now heavily focused on educating investors and voters. He co-authored ‘Dollar Collapse’ with John Rubino, a financial book about the demise of the dollar and how to profit from it. The book and the associated website (DollarCollapse.com) come highly recommended; you can also read our comment and analysis on this website. James’ GoldMoney Foundation does great work spreading the word about gold, silver, and the problems in the global financial system. The foundation’s interviews with academics, politicians, investors and traders may well aid your gold investment knowledge.
James is another regular on the financial news site, King World News.

Jim Rickards

Jim Rickards is an investment banker with over three decade’s experience in the markets. He is also a trained lawyer and has served as General Counsel at several financial institutions. Jim was the principal negotiator of the government-sponsored rescue of the LTCM hedge fund collapse of 1998, and also assists the Department of Defence in their understanding of financial warfare.
Jim has become a well-known figure in the precious metals markets due to his breadth and depth of financial knowledge, including monetary history and gold. He is another favourite on investment podcasts, financial news shows, and money websites. Jim’s book ‘Currency Wars: The Making of the Next Global Crisis’ became a New York Times bestseller, and is now a much read and cited financial book. During the promotion of this book economist Nouriel Roubini called out Jim via Twitter for his discussion of the gold standard. In our humble opinion Jim proved to be much better versed in the detail of this technical discussion than Mr Roubini, who continues to broad cast strong opinions of the direction of the gold price without much of a record.
You can regularly hear Jim talking gold, the markets and the economy on King World News, whilst his regular blogs on Seeking Alpha are also highly recommended. You can follow Jim on Twitter via @JamesGRickards, for an amusing and insightful Tweetstream.
The golden quintet
We hope you enjoy listening to and reading these commentators. We think you’ll find their analysis educational and even eye-opening. Sir Isaac Newton once quipped: “If I have seen further it is by standing on ye sholders of Giants [sic]”. You may well be able to use the individuals above to do similarly, and understand more about the future of the gold and silver prices. (As mentioned above do use the comments section below to add your opinions and favourite gold commentators.)

Turk - Banks & Governments Will Collapse Together

James Turk 
With increased demonstrations across the globe, today King World News interviewed James Turk out of Europe.  Turk told KWN that banks and governments around the world are set up for a massive collapse, and they will go down together.  Turk also discussed key markets and what he is doing with his own money right now.  But first, here is what Turk had to say about the situation:
  “Have you seen the growing demonstrations here in Europe, Eric?  So far, the protests have mainly been non-violent.  They're protesting in the streets for good reason.  Eleven of the seventeen countries in the EU are in a recession.  With unemployment growing to record levels in some countries, certain key European nations are definitely in a depression.”
Please click here to read this piece in full, thanks.

Chinese gold imports will keep increasing

http://www.brotherjohnf.com/



Author: James Turk 2012-MAR-18
Since China began to embrace economic progress in the 1990s and let the compelling forces of capitalism take hold to raise living standards in that country, its impact on world markets has been profound. Chinese capital has become a major influence in the global economy, and demand from China has had a huge impact on commodity prices. But an exception to the Chinese influence has been gold.
China has had little impact on world gold markets. The reason being that Chinese domestic gold production, which over the past several years has grown to make China the largest gold miner in the world, was sufficient to satisfy domestic demand. Consequently, in contrast to other markets in which China has become an important source of demand, it has had little impact on the demand for gold.
Just over a year ago, however, the balance between Chinese gold production and demand began to change. Chinese mining companies were unable to produce enough metal to satisfy the growing domestic demand, with the result that China began importing gold.
The trend for importing gold began modestly, and received little attention. But last year this growing trend started to get noticed. The Financial Times in September 2011, for example, reported: “Data from the Hong Kong government showed that China imported a record 56.9 tonnes [of gold] in September, a six-fold increase from 2010. Monthly gold imports for most of 2010 and this year run at about 10 tonnes, but buying jumped in July, August and September. In the three-month period, China imported from Hong Kong about 140 tonnes, more than the roughly 120 tonnes for the whole 2010.”
READ MORE

Turk – Something Big is About to Happen in Gold & Silver

With gold near $1,770 and silver near $35.50, today King World News interviewed James Turk out of Spain.  Turk told King World News the fact that silver is not pulling back is an indication of how strong that market is right now.  Here is what Turk had to say about the situation:  “This is a great start to the week for the precious metals, Eric.  We need to see this kind of strength to make sure both gold and silver follow through in the next few trading days to confirm the big gains from last week where gold climbed 2.9%, while silver soared 6.4%.  It is remarkable to see both metals hold their gains with no profit taking.  Clearly, traders see something big is about to happen, and so do I.”

James Turk continues:

“In this regard, I have mentioned several times my expectation that once resistance at $35 is taken out, silver will climb to $68-$70 in 2 to 3 months.  I still expect that outcome, but of course, only time will tell.  I thought it might be tough going for silver in the $35-$36 area, but maybe not based on the strength we are seeing today.  

But regardless, Eric, I expect the silver price will begin to accelerate to the upside once $36 is hurdled.  In many ways silver is positioned today like it was back in the summer of 2010.  Long-time KWN listeners will remember the events from back then and my bullish views about silver.  I feel the same way today.”

When asked about gold, Turk responded, “We spoke in the last blog about the relationship between oil and gold, which was up 2.9% last week.  Oil jumped a remarkable 6.3%.  With all the money printing going on in central banks around the world, not to even mention the growing tensions in the Middle East, oil looks ready to test its record highs some time this year....

“So KWN readers have to remember that right now so goes oil, so goes gold.  It is also quite possible that gold will outperform oil by the end of the year.  But the bottom line is the wind is at the back of the bulls in both the gold and oil markets.

I follow this like you do, Eric, on a daily basis, but I look at it differently.  I look at the price of crude oil in terms of gold and since the beginning of 2012 gold has been outperforming crude oil.   This relationship between oil and gold goes back decades.  Today an ounce of gold buys basically the same amount of crude oil it did 60 years ago.  

But you do get some fluctuations in this relationship and right now I expect the purchasing power of gold to increase.  What I am saying is that an ounce of gold at the end of the year will buy more oil than it does today.   

I am a firm believer in letting the market tell its own story, Eric.  The market does this with the movement in prices.  Then, if we watch closely, we can see important trends.  By jumping on those trends and riding them, you position yourself in harmony with what the market is telling you, which is important.  

You always want to be in harmony with the major trend in prices.  As they say time and again, never fight the market.  So here's the point I am making, Eric.  Events so far this year have been extraordinary. The markets are signaling it.  In reality, events are spinning out of control.

Despite this new bailout scheme being foisted on Greece, the situation there continues to spiral out of control, which is one of the factors causing confidence in the safety of European banks to continue eroding.  

Surprisingly, over the weekend, the Telegraph in London reported comments by George Osborne, the British Chancellor, who said, ‘The British Government has run out of money because all the money was spent in the good years.’  Finally, a political leader came out and said what everyone has been ignoring.  While I applaud Osborne for telling the truth, the frightening reality and what everyone has been ignoring is governments around the world are broke.”

This is why it is so important to be outside of the banking system by having a portion of your assets in physical gold and silver.  Governments are broke and much of the banking system is insolvent.

kingworldnews.com/

James Turk more bullish on Silver than on Gold

Well my long-term view is that I've always been more bullish on silver than I have been on gold and the reason is that even though gold is cheap, silver is even cheaper than gold. The ratio is still in the 50s when the historical ratio is 16 ounces of silver equal to one ounce of gold, and I expect before this bull market is over, we're going to get down toward that area. But the problem with silver is that it's much more volatile than gold. Last year the ratio was at 31 and a few months later it was at 57/58. That volatility is not for everybody, but if you can handle the volatility - own some silver. My general recommendation is that two-thirds gold, one-third silver and by the time this bull market is over, the silver component of your portfolio will have a higher currency value than the gold component of your portfolio because of the outperformance as a result of the decline in the gold-silver ratio.

James Turk : Gold has another 600 percent to go

James Turk & Chris Waltzek - February 1, 2011. GoldSeekRADIO : Gold is still undervalued and has another 600 percent to go . James Turk, Director of the GoldMoney Foundation talks about the outlook for the gold price the fears of hyperinflation the problems facing the eurozone as well as the global economy.Gold is very undervalued says James Turk who recommends to minimize financial assets and maximize tangible assets and when it comes to liquidity the best tangible asset is gold and silver

Eric Sprott - James Turk - GoldMoney Foundation

"James Turk from the GoldMoney Foundation interviews Eric Sprott on precious metals and the global banking system."

詹姆斯特克：黃金非常棒，但白銀是下一個蘋果

http://kingworldnews.com

全新的一年2012開始了，金氏世界新聞(KingWorldNews)與詹姆斯特克(James Turk)
要為各位讀者做一個非常特別的貴金屬簡報。

詹姆斯特克(James Turk)之前常說到黃金，
不過今天他要好好的來談談白銀：
“每次我看著手上的白銀，我就忍不住打開電腦
看著我在10/18所寫下的，標題為"白銀是下一個蘋果嗎?"的一篇文章，
這是一篇很精彩的文章。
如果你仔細看看蘋果電腦股價的長期走勢，
這十幾年來，蘋果的股價有五次非常大的回檔修正，不過他終究上漲了70倍。
只要其中一次修正把你手上的股票洗出來了，
那麼你就會錯失這70倍的漲幅。“


詹姆斯特克(James Turk)繼續說：
“因此，KWN全球的讀者，
你可以從下面這張AAPL(蘋果的代碼)圖表上，看到蘋果股價經歷過怎麼樣的修正，
正如10/18所說的，蘋果的股價其實有五次大修正，範圍是從27%到82%，
如果你忍受了這些大風大浪，你的錢已經成長了70倍...

 

如果把白銀價格稍微拉長一點來看，雖然在過去的7個月白銀出現了慘痛的修正， 不過白銀的周線圖看起來還是非常不錯，是我很喜歡的國旗圖案。

這個國旗走勢會越來越強，因為白銀漸漸的在打出兩支腳。
我仍然認為未來三個月內白銀就有機會噴出。
目前最重要的兩個關卡就是35美元與37.5美元。

一旦衝過這兩個關卡，就有機會在三個月內衝到70美元，
所以，我現在不斷的在累積實體白銀。
白銀的基本面非常的好，只要耐心等待，白銀就是下一個蘋果。
而我期待的是，白銀達到每盎司400美元的價位。

如果我們回到十年前，在白銀的起漲點進場的話，
實際上他比蘋果的股票更值得買。“

我們又回頭問問詹姆斯特克(James Turk)黃金的問題
詹姆斯特克(James Turk)回應：
“不管是黃金白銀都已經持續測出他的低點，走勢圖也都出現了兩支腳。
更重要的是，在1600美元以下的實體黃金需求很大。
現在黃金已經重新回到1600美元以上，一堆空頭被迫回補，也同時推動了金價。

在歐洲，歐元與歐洲銀行的惡化狀況，也導致許多人把黃金當成避風港。
因此，我認為是這是一個非常安全的進場點，他就是黃金的低點了。。
艾瑞克(Eric)，事實上，我們在這個星期看到的黃金價格可能就是今年黃金價格的最低點了，
從這裡往上衝，超過2000美元指日可待。“

我最後要再提醒大家：
“我已經在華爾街打滾多年，看到許多賠掉數百萬美元的例子，
但是我要告訴你，這種事情從來就不會發生在我身上，我總是賺大錢。
因為該握緊的東西，我抓到後就是從不放手。
你瞭解了嗎?就是緊緊握住就好了，沒有其他絕招。

 

Using vaults to store gold and silver

I consider gold and silver to be the bedrock asset of an investment portfolio. In other words, it is the foundation stone upon which the rest of a portfolio is built. Given this important role in which I hold the precious metals, it is essential to keep them safe.
Safety can mean different things to different people. Until recently, for example, many investors believed that Switzerland was isolated from the world’s monetary turmoil. They therefore thought that the Swiss franc was a safe place to keep their money, but the illusion of safety vanished instantly when the Swiss National Bank announced that it would not let the Swiss franc strengthen beyond 1.2 Swiss francs per euro.
US government debt instruments are another asset class that in reality offer only the illusion of safety. Scottish author and historian Niall Ferguson has warned that T-bonds and T-bills are a safe haven like Pearl Harbor in 1941.
Gold and silver are safe havens because they are tangible assets. Therefore, they do not have counterparty risk. In other words, there is no risk of default, but only if you own physical metal. Paper-gold and paper-silver are financial assets and therefore have counterparty risk. They only offer the illusion of gold and silver ownership.
So how does one keep their physical metals safe?
Diversification of one’s metal is probably the most important objective, to mitigate the risks of government confiscation, loss from war and similar extraordinary events. Store your physical gold and silver in different geographic locations, namely, in different cities in different countries. Even though you do not have your metal at hand, this disadvantage is outweighed by the benefit of protecting your metal with global diversification.
To achieve this objective conveniently and safely you will need to use professionally managed vaults. So vaulting is an important factor to consider when buying gold and silver.
Always use non-bank vaults. Because banks are in the business of lending, one is never certain whether your gold is there or not. In contrast, non-bank vaults are in the business of storing, so everything they do is aimed at enhancing their storage business. Safeguarding their customers’ assets is therefore an essential building block of their business model.
Safe deposit boxes are safer than placing your precious metals directly with a bank, but they too have risks. They may be difficult to access when you need your metal, and may not be practical or cost effective for storing large amounts of silver. Also, it is inconvenient and risky to take your gold and silver to safe deposit boxes in different countries to meet the objective of obtaining geographic diversification.
Regardless where and how you choose to store your precious metals, insurance is recommended. Professional vault operators will provide proof of insurance, thus protecting your metal from normal commercial risks. If the vault doesn’t insure your metal, don’t use it. In conclusion, there are advantages as well as disadvantages to using vaults for storage. Nevertheless, they should always be considered because they offer the most practical way to attain the important objective of keeping your precious metals safe, namely, storing them in different countries.

http://www.goldmoney.com/