James Turk - Gold & Silver Will Breakout to the Upside

I’m still looking for $30 on silver, which means we would have a target of around $1,500 on gold. One last thing Eric, I think Dan Norcini also made a good point in the KWN Weekly Metals Wrap this week when he gave the reasons why the mining shares have been underperforming the bullion itself.

The strategy has worked well for the hedge funds because the input costs had been rising faster than the gold and silver price, thereby squeezing the margins of the mining companies. But that is now changing Eric, as evidenced by some of the fantastic earnings and free cash flow the mining companies are now generating.

Eric, when I view gold and silver and the mining shares, I view them entirely differently. The shares are an investment, but bullion is money. If you want to take some of your hard earned money and invest it in the shares, now is the time to do it. When I was last interviewed on King World News I said that the bull market in the shares starts now."