Turk: “Normally the summer is a quiet period, Eric, but every once in a while you do get a black swan event and it surprises people, and the market can really take off. This happened back in 1982 when one of the Mexican debt defaults led to some bank failures in the United States.
With sentiment so low and very few people paying attention at the moment, maybe the summer is going to be the surprise. Maybe this will be one of those rare summers where you see a big move in both gold and silver to the upside because of some kind of event…
“The bottom line when it comes to markets, Eric, is always be ready for the surprise. Always expect the unexpected, and maybe this summer is setting up for that kind of event. Back when we had the Mexican debt default in the 1980s, the gold price went from $300 an ounce to about $500 an ounce over a period of around ten weeks. It was a sizable move and it caught everyone by surprise.”
Read the complete article at King World News here.
Please Note: This article is to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.