Category: James Turk

Bullion Banks Desperate To Trigger Sell Stops

They have been trying to push silver lower for weeks in an attempt to reach that target area in order to create that wave of selling by triggering the sell stops. It’s a game that they have been playing for years. Triggering those sell stops will give the syndicate of bullion banks, who act as…

The War In The Gold and Silver Markets Heats Up

Both gold and silver have done a lot of base building, and the breakout from their bases is getting close. Last time we spoke I wasn’t ready to hazard a guess when the breakout would happen because there is no way to predict when a base will end with a breakout. And there still isn’t.…

The Upcoming increase in Interest Rates

Last week, both Janet Yellen of the Fed and Mark Carney of the Bank of England prepared financial markets for interest rate increases. The working assumption should be that this was coordinated, and that both the ECB and the Bank of Japan must be considering similar moves. Central banks coordinate their monetary policies as much…

The Path for Oil

Last week oil finally broke out of its narrow trading range of USD45-55/bbl (Brent) it has been trading in since mid-2016. The final push over USD55/bbl last week was driven mainly by concerns over Turkey President Erdogan threatening to shut down an oil pipeline bringing crude from the Kurdish controlled region in Iraq, should the…

Oil for Gold: The Real Story

The mechanism of introducing an oil for yuan contract could hardly be clearer, yet the rumour mill went overtime into Chinese whispers. Some analysts appeared to think China was authorising a new oil for gold contract of some sort, or that China would be supplying the gold, both of which are untrue. The purpose of…