James Turk - Gold & Silver Have Reached an Important Bottom

``“Through Friday’s close on the LBMA, silver remained in backwardation, even by the numbers reported on the LBMA’s site. The strong bounce on Friday after the option expiration combined with the backwardation is clear evidence that silver doesn’t want to stay down here in this area and is ready to move higher..." that this little shakeout over the last couple of weeks has done nothing to change the very bullish fundamental factors that have been driving gold and silver higher. Most significantly the CRB CCI (Continuous Commodity Index) is at record highs. There is simply too much money being printed around the world and this monetary debasement is behind the ongoing bull market in gold and silver. ''