Finansiella Insikter

King World News har intervjuat James Turk som observerar att dollarn har format en gigantisk topp de senaste 2,5 åren och nu ser ut att stå inför en kollaps som kommer att chocka världen. James kommenterar även guld och silver och upprepar sin prognos om ett guldpris på 1800 dollar i år.

Det här är vad James hade att säga om dollarn:

I am looking at the weekly chart for the last 2 1/2 years and my conclusion is that the dollar is forming a massive top.  If we stop to consider that gold was rising while the dollar was basically going sideways during this period of time, imagine how rapidly gold will rise when the dollar starts falling.

What I’m watching here very carefully is how the dollar is reacting to events in the Middle-East and higher commodity prices.  Brent crude is presently $115 and that is signaling higher inflation.  It’s a signal that everybody around the world is watching.  So watch the dollar index closely.  It broke below 77 and the chart is starting to look heavy.  

Eric you have been saying all along that the dollar isn’t bouncing and it now appears the dollar is ready to fall off of the edge of a cliff.  The dollar collapse is going to be the next big story.  If I am right and the dollar really starts to dive, the implications are global in nature and I truly believe this event will shock the world.

Om guld:

To me the most important thing is this huge base that we now have in gold under $1,400.  I see it as a major launching pad that could easily take gold to my $1,800 target for this year.  

Om silver:

I think the major message in silver is that every dip is well bid for.  The shorts and other big players may gun for stops from time to time, but they can’t change the underlying trend, or the very bullish fundamental picture.

When the gold and silver markets start becoming disorderly, then we will know the metals are going to take a breather.  But everything at the moment says we should be focusing on higher prices for both gold and silver.    

Kommentar från Eric King:

71 to 74 is seen as the last support if the dollar heads lower.  If that support fails and the dollar breaks 71, then a waterfall decline with panic selling could come into play.  Turk is right, that event would shock the world.

Related posts:

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2. James Turk: Dollarn hänger vid ett stup, short squeeze i silver fortsätter
3. James Turk: Guld och silver har nått en viktig bottennivå
4. James Turk: “The short squeeze is on”
5. James Turk: Silver backwardation på 73 cent saknar motstycke