With many investors worried about the plunge in gold and silver, today King World News interviewed James Turk out of Spain. He told King World News this smash in the metals is very similar to what took place at the end of February. Turk firmly believes this is more proof of intervention and manipulation in these critical markets. Here is what Turk had to say about the turmoil in both metals: “What happened, after the FOMC meeting, in the last two days is a replay of what happened at the end of February. Gold got up to $1,800 (at the end of February), (then it was) smashed. (Two days ago) gold got up to $1,700 and it was smashed (again).”
James Turk continues:
“Now the interesting thing is both times one would expect the gold price would have risen. What happened at the end of February is the ECB had just announced their long-term refinancing operation (LTRO) of 500 billion euros, doubling the 500 billion euros they had done only a few weeks before....
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