Despite Recent Weakness In Gold, Revaluation Spike Is Coming

Posted at 3:57 PM (CST) by & filed under King World News.

Dear CIGAs,

With major markets on the move, today James Turk told King World News that despite the recent weakness in gold, a major revaluation spike is coming in the gold market.  Turk also added some additional comments to go along with the extraordinary chart he sent to KWN yesterday.  Below are Turk’s comments and his fantastic chart.

Turk: “I think the following chart puts several key markets in their proper perspective, Eric.  It shows the correlation between the Fed’s balance sheet, S&P 500, gold and crude oil.  This is a base-100 chart that plots the relative movement in these assets at the close of each week from March 2009, which is when the Fed announced its first QE program (see chart below).

clip_image002

More…