James Turk - New Buyers Taking on Silver Shorts is Very Bullish

... there has been no net long liquidation, which one would expect on a big price drop. The bottom line is that it looks like new buyers are willing to take on the silver shorts, which is very bullish.

When I was reading the KWN interview with John Embry I was nodding in agreement because when I did my annual forecast this year, I said to expect the low price of the year in January, possibly even the first week which is broadly consistent with what John was saying.

If you are looking to accumulate under your ongoing program, don’t hesitate, buy right here. A couple of months from now you are going to look back on this price and be happy that you bought at these levels.