With gold and silver surging higher, today King World News interviewed 40 year veteran, Robert Fitzwilson. Fitzwilson is founder of The Portola Group, one of the premier boutique firms in the Unites States. He told King World News the silver shorts are being completely overrun. Fitzwilson also said silver was one of the most undervalued assets in the world. He also discussed gold, panic in velocity of money and much more. Here is what he had to say: “Jim Sinclair discusses pivot points, and once you pass those points it’s like taking the lid off a pot of boiling water. So, at that point, just about everybody wants it to go up except the shorts. Then the dynamics of the marketplace take over.”
Robert Fitzwilson continues:
“Fresh money then comes pouring in, which attracts even larger pools of capital and then the shorts panic. Shorts begin to go on the buy side to exit positions which are now moving aggressively against them. This can create an explosive move to the upside and that’s exactly what we are seeing take place right now in silver.
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