- Turk – Something Shocking Has Occurred In The Gold Market!
Today James Turk warned King World News that something “shocking” has occurred in the gold market. Turk also spoke about a key change in another market that KWN readers around the world should be aware of. Below is what Turk had to say in this powerful interview.
Turk: “There are two major events underway which everybody should be paying close attention, Eric. The first one is rising interest rates. You and I have already focused on this point to some extent, but we saw another huge surge in rates to a new multi-year high after the unemployment report on Friday, which is very telling. We need to look at this rise in interest rates in relation to an economy that is barely crawling along. Here we are nearly five years after the 2008 collapse, yet people are still looking for an economic recovery….
I think there is only one logical answer, Eric: Interest rates are rising because of QE. We have reached a tipping point, meaning that QE can no longer keep interest rates from rising. The market is now focusing on the dark-side of QE, which is the inflationary consequences of all this money printing.