Turk - Massive Short Squeeze in Silver, Gold to Hit New Highs

I sure hope all of you have bought. If you have not you do not have much time. Backwardation In silver is getting worse. Silver lease rates are jumping up.
PLEASE.. I beg you .. Now is the time to buy. You will never see 20.00 silver again.

Turk - Massive Short Squeeze in Silver, Gold to Hit New Highs

With gold recently strengthening and silver attacking multi-decade highs, today King World News interviewed James Turk out of Germany. Turk commented, “Eric, there are a lot of stories making the rounds talking about silver hedging. People should not be scared by them. When you actually analyze it and consider what is happening, the implications are bullish for silver.”

With gold recently strengthening and silver attacking multi-decade highs, today King World News interviewed James Turk out of Germany. Turk commented, “Eric, there are a lot of stories making the rounds talking about silver hedging. People should not be scared by them. When you actually analyze it and consider what is happening, the implications are bullish for silver.”
February 16, 2011

Turk continues:

“The media is putting this talk about hedging in a bearish light, and normally they would be right to say hedging is bearish for the price of metal. But not now. Even if these reports of new hedges are true - and the rise in silver interest rates recently suggests as one possibility that some hedging may be taking place - the underlying bullish dynamics for silver are not negatively impacted.

In fact, the rise in silver interest rates itself suggests both a desperation to borrow physical silver at whatever cost to meet delivery demands and avoid a default as well as that physical silver is in such short supply people are willing to borrow it at unusually high rates. So rising silver interest rates here is bullish, but let's consider what happens in a hedge.

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