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:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/5/2_James_Turk_-_Silver_Forming_Another_Bullish_Flag_Formation.html

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

    Carmen–
    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.
    Tom

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