The Phaserl


2016 Reveals Banks Shaky & Gold Solid-James Turk

from USAWatchdog:

Gold expert James Turk says the banks are in trouble again. One of the biggest troubled institutions is Germany’s Deutsche Bank, and Turk contends, “It is quite alarming the shares of the stock are basically where they were in the lows of 2008.

It’s at the bottom of that year’s financial crisis, and here we have not even started the financial crisis yet. The stock is back to those prices of seven or eight years ago. It makes you wonder what is yet to come. You are seeing publicity stunts like Jamie Dimon buying $25 million worth of JPMorgan stock. It reminds me of what we saw back in the 1930’s. In the history books, guys would go out and buy shares of their stock to convince people that things were okay. The market is telling us that people want to be in safer things, and it looks like gold’s trend has finally turned after a four year correction. . . . It looks like we are going to be heading higher.”

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