Sunday, January 7, 2018

James Turk Interview About To Be Released, But First A Must Read From A Legend

"KWN is about to release an interview with James Turk discussing the gold and silver rally and what to expect next, but first a must read from a legend in the business…
This Is Going To Be A Very Interesting 2018
January 5 (
King World News
) – 
Here is a portion of today’s note from legend Art Cashin:  
Fastest Thousand Point Run Ever Ends In Close Above 25,000 – A variety of market pundits made much of the fact that this was the fastest 1000 point move in Dow history. Most forgot to note that this 1000 points is the smallest “percentage” move in Dow history. 
For the Dow to go from 1000 to 2000 was a 100% move. That takes a lot of huffing and puffing. But to go from 24000 to 25000 is only a 4.2% move. The fastest ever – yes – but keep it in perspective
At any rate, the caps were out and the bows were taken – most notably in Washington. To those of us with a mildly superstitious nature that’s a bit of baiting or tempting fate. As you recall from your fifth grade study of the Greek tragedies, its often the kind of hubris that comes home to haunt the hero. For the sake of both the President and the country, let’s hope that’s an incorrect observation..."

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