looks like this stock may be going to run, page-23

Excerpt from James Turk; just ?several more days of silver in the 30s?

With silver and gold rallying strongly against the tide of the risk-off trade, bullion expert James Turk forecasts that silver is about to launch into the 40s, as more nervous investors come to terms with the inevitability of further devaluations and/or sovereign defaults, forced upon the world?s central banks by investors and weak politicians.

?One never knows exactly how the markets will unfold, but my sense is that we only have several more days of silver in the 30s,? Turk told King World News. ?Once silver clears $38 on a closing basis, you are going to get back into the mid 40s in a heartbeat.?

Turk, the founder and president of overseas precious metals storage firm Goldmoney.com has warned long ago of the events playing out in Europe today, so his words carry significant weight among the bullion community. The timing of his call back in January for silver to reach $50 by June 30 was considered reckless and daring at the time. But history has proved him correct. Silver reached an intraday high of $49.70 on May 2, just pennies shy of $50 and a month sooner than he expected.

Recently, Turk (along with another PM giant, Jim Sinclair) has differed with another hard-money advocate, Marc Faber, on the direction of precious metals prices during the months of July and August. Faber expects the precious metals to meander in the hot summer months, which is a bet that the long-standing historical record of weakness during that time is most likely. On the other hand, Turk anticipates a repeat of 1982, the year of the Mexican peso devaluations.

?The action in gold and silver so far this summer indicates to me that this is in fact poised to be explosive on the upside,? Turk explained. ?Nobody is talking about this, but it could be a reality in short order. Here it is nearly 30 years after the breathtaking summer of 1982, and history is about to repeat all over again.?

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Should be an interesting trading day on the Comex in a couple of hours.