GoldMoney Commentary from Mr. James Turk

In an alert posted on August 17, 2008, I drew attention to the “huge disconnect between the paper market and the physical market” for precious metals. I went on to conclude “that this disconnect…means that gold will climb back as rapidly as it fell, creating a “V” bottom.”

My timing was somewhat off because gold continued to decline in the carnage resulting from the collapse of Lehman Brothers and AIG the following month, but the “V” bottom I was expecting did thereafter form as we can see on the following chart.

Read Mr. Turk’s full commentary here.