Monday, 23 May 2011

James Turk - The Silver Lows are Likely in Place

"The gold/silver ratio has climbed back into the 40’s, and from a technical point of view is very close to achieving my mid-40’s target. That suggests to me that silver’s low is in place. My only concern here Eric is that this is options expiry week. We know from past experience that the shorts try to keep precious metals prices from rising to have as many possible calls expire out of the money.

The other side of the coin is that if investors use options expiration weakness to buy, this has generally provided a good entry point. So don’t be worried if you see any additional price weakness this week."

- James Turk, via a King World News Interview

Read the full interview here: