kingworldnews.com / November 28, 2016
As we kick off the final week of trading in November, today James Turk told King World News that the world is about to see a historic shift away from stocks and into gold.
James Turk: “A lot of publicity is being given to the record highs in the stock market, Eric. The result is that people are getting very excited about the Dow Jones Industrials and the S&P 500. It is easy to sense the froth that one sees at market tops is building, which leads to an important question…
Has the stock market topped out? This is actually a trick question, Eric. The answer depends on which currency you are using to measure value as the key factor to determine whether a top has been reached.
I always use two currencies, the dollar and gold. Using two currencies leads to two different answers, which can easily be illustrated with this chart of the Dow Jones Industrial Average using gold as the measuring stick.
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