Central Bank Intervention Makes Precious Metals Volatile

Interviewed today by King World News, GoldMoney founder and GATA consultant James Turk remarks that the precious metals really aren’t naturally volatile in markets but are made so by frequent and surreptitious central bank intervention. In any case Turk discerns a bullish flag pattern developing in the silver price chart. From Turk’s lips to the Great Market Manipulator’s ear — and we don’t mean Bernanke. An excerpt from the interview with Turk is headlined “Silver Forming Another Bullish Flag Formation” and you can find it at the King World News blog here:


, , , , , , , , , , ,

  1. #1 by Tom Walker, Jr. on May 5, 2011 - 7:15 pm

    The headline is spot on. Strictly speaking Bretton Woods was not a true gold standard, but even so, the explosion of metals and in fact, general commodity volatility since the mid 70s is astounding. We’re a few months deep into a study if these patterns to see what remedies might be available to operating businesses who can be whipsawed by this volatility. Thanks for the post, & the link.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: