Turk - One Of The Most Important Gold Charts Ever

“But that is all the more reason to keep focused on the big picture, and there is no better way to do that than look at the primary trend.  So I have prepared this chart of the gold price specially for KWN readers.  Not only does it put the last couple of weeks into perspective, it clearly illustrates just how bullish the situation is for gold.

This is a log scale chart, so the distance on this chart between 100 and 200 is the same as between 300 and 600.  That makes it easy to see a doubling of gold's price, which is expressed in terms of a base-100 for four major currencies beginning in January 2000. 

Take a look at the black arrow on the chart.  It's not a straight line, but rather, a parabola.  If it were a straight line, the gold price would be rising at the same rate.  But because it is a parabola, gold is rising at an ever greater rate.  Gold is in an exponential upward trend.  This is exactly the pattern that you see when a currency is heading toward hyperinflation, and this chart shows all four currencies headed that way.

Note two that gold just recently made new all-time record highs against both the euro and British pound.  Sometimes not all currencies move together, with the result that some make new highs sooner than the others.  But this chart shows that eventually all the currencies succumb to the inflationary money printing of central banks which results in a new record high gold price.  

This chart is what people need to think about after a week like this one, which in fact is barely noticeable.  That's what I mean about the big picture and staying with the trend, and disregarding the short-term ups-and-downs.  This chart says we are headed for currency destruction, which is confirmed by central bank QE policies that are now in place pretty much worldwide.”

KWN has a tremendous audio interview with James Turk which will be released shortly.   The King World News interview with James Turk discusses the chart above, gold, silver, and much more.  Turk’s audio interview will be available shortly and you can listen to it by CLICKING HERE.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/10/19_Turk_-_One_Of_The_Most_Important_Gold_Charts_Ever.html