The centrally planned markets may have done very little recently, but today James Turk told King World News that a short squeeze is developing in the gold market as the next financial crisis is now just around the corner.

James Turk:  “Even though they didn’t gain much in price, today was another good day for gold and silver, Eric. Both precious metals were steady and refused to give up ground. They both continue to chew through the enormous amount of paper that shorts and central planners have been selling in an attempt to cap prices…
James Turk continues:  “We have seen how successful this price capping has been countless times in the past, but this time it is the shorts who should be worried – not the longs. Gold and silver are trading differently, which I believe is a direct result of the tight conditions for physical metal.

What’s more, the momentum is building to get hold of physical gold and silver. I think the reason for this shift in thinking to hold physical metal instead of paper is a direct result of a point I mentioned in our interview this past weekend. There are banking problems looming on the near horizon that look ominous. I therefore want to share with KWN readers two charts of XLF, which is an ETF of banks and financial companies. One would never know that the Dow Jones and other market indices are at record highs by looking at this long-term XLF chart…..More Here