Wednesday, 24 August 2011

John Embry - Asked about the Recent Attack on the Gold Price

“Well it’s standard practice actually. Having dealt in this market for as long as I have and watching the gold cartel, how they do things, this just seems quicker than normal. I mean once gold went through $1,900, they (the cartel) went into full attack mode when the London market opened yesterday and when Comex opened, in came the second leg of the attack to the downside. Then when they got it into the thin access market they really killed it.”

- John Embry via a King World News Interview: