King World News where James Turk had this to say:I always listen...

King World News where James Turk had this to say:

I always listen to what the market is telling me. The backwardation and all of the other factors that we have been talking about mean that the market is telling us the situation in silver is very bullish, regardless of what the naysayers are spouting. We now have almost four months of solid accumulation here in the $1,300?s which does provide a huge base for much higher prices. With that kind of base in place we should not only see gold take out its previous highs, but I believe this will provide the launching pad for a very significant move in the price of gold. We have previously talked about a target for gold of $1,800 for this year. The bottom line here is that both of these precious metals have a lot more left in this move...

Now, please be very careful if you are going short in this market. As we see it, things are just starting to warm up with much higher prices lying ahead of us. The next up leg will be spectacular, causing the shorts to cover at panic speed, which in turn will result in eye bulging silver price spikes...

http://seekingalpha.com/article/253707-silver-prices-just-starting-to-warm-up