James Turk: Unspeakable Financial Destruction Is Headed Our Way!

• Turk – Unspeakable Financial Destruction Is Headed Our Way! 
  by www.kingworldnews.com
  Today James Turk told King World News that unspeakable financial destruction is headed our way as a major country is about to default on billions of dollars it owes to banks.  He also warned, “Cyprus is the tremor, but the real earthquake isn’t far away.”  Below is what Turk had to say in this extraordinary and exclusive interview:
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  Turk:  “With all of the recent selling pressure on the precious metals, Eric, gold and silver have moved back to the bottom of their multi-month trading ranges.  Both precious metals have also reached an oversold state, so a relief bounce is likely. 
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  I think the same conclusion can be made for the mining shares.  Although it is barely visible on the following chart, the XAU Index when priced in gold at the end of March is no lower than it was at the end of February.
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  As if that were not enough, this Friday, Argentina is probably going to default on billions of dollars it owes banks.  When this year began, I was saying that we will a see another Lehman type collapse in 2013. Cyprus is the tremor, but the real earthquake isn’t far away.
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