With gold and silver taking off to the upside, King World News interviewed James Turk today out of Spain. Turk commented, “What we are seeing right now is the breaking apart of the gold cartel. They are losing control of the market just like they did back in the late 1960’s when gold began trading above $35 in the cash market in London, even though the price was still officially fixed at $35. The market was simply saying, we just don’t believe this $35 price anymore.”

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/11/18_James_Turk_-_Delta-Hedging_to_Cause_Gold_Price_to_Explode.html