Bullion banks stuffed on extreme gold backwardation

As global markets continue to see some wild trading, James Turk told King World News that the bullion banks have been getting stuffed on their shorts because of extreme backwardation in the gold market. Turk believes this is creating a situation where the trading we are seeing in the gold market is reflecting a major turning point in both the gold and silver markets. 

Read the full interview at King World News.