GREY:GPLDF - Post by User
Comment by
waxguyon Apr 26, 2011 10:51am
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Post# 18488319
RE: While we wait.....
RE: While we wait.....James Turk, hmm, "backwardation", hmm. It's not in my dictionary, but perhaps he is referring to to the tough string that is ripping silver along behind the gold cart. It really is kind of puzzling why the multi-purpose silver is not standing on its own. It looks as though the security/ornamental aspect of silver is still counting for much much more than it being an extremely useful industrial commodity.
In any case James Turk no doubt knows a lot more about market and metal details than the run of the mill investor and that does make him a good PEP talker, exactly what frightened investors are looking for.