Fear and Doubt Create Volatility

Fear and doubt create volatility which hides the covering of large short positions into weakness. As Turk suggests, ‘momentum toward hyperinflation is accelerating’ as global currency devaluation continues without pause. Gold $5,000+ by 2015, supported by long-term cycles as depicted by Armstrong’s work, cannot be achieved within the context of the 2001 linear trading channel. In other words, this cycle driven price target necessitates a geometric acceleration at a time when most are still thinking in linear terms - see chart below This is simply food for thought while fear and doubt rhetoric dominates.

Gold, London P.M. Fixed


Headline: James Turk - Momentum Toward Hyperinflation is Accelerating

With gold and silver strengthening off of the lows, King World News interviewed James Turk out of Spain. When asked about the action and gold and silver and increasing inflation Turk stated, “So what we’re seeing here is the money being printed by central banks around the world is going to useful and valuable tangible assets. These rocketing prices are a clear warning that the momentum toward hyperinflation is accelerating.”

Source:kingworldnews.com