Saturday, 28 April 2012

Embry - The Paper Guys have Overplayed their Hand

“I would dare say that the manipulation (of gold) today is perhaps more blatant and there is more of it than I’ve ever seen. They (the manipulators) don’t care anymore. You see these 3 o’clock in the morning precipitous drops.

You see drops when the COMEX opens and when the London PM fix is in. There are always these times they attack, and no market that wasn’t being manipulated would trade with that regularity.

I am of the mind that the paper guys have overplayed their hand and they have pushed the price too low. The people in the East, in particular, the Russians, the Chinese, etc., know perfectly well the situation. They are using this as a wonderful opportunity to take on more and more physical at what I would consider to be bargain prices.

I was fascinated by what Jim (Sinclair) had to say, that he thought there could be an air pocket in gold to the upside. That would really be something, but it wouldn’t shock me.”

- John Embry via a recent King World News interview, read the full interview here:

Tuesday, 10 April 2012

Keiser Report: Return of the Silver Liberation Army

  "In this episode, Max Keiser and co-host, Stacy Herbert, discuss the return of the Silver Liberation Army as JP Morgan's Blythe Masters claims the bank does not manipulate silver prices. They also discuss JP Morgan's 'London whale' breaking the credit default swap (CDS) index market with massive prop position. In the second half of the show Max talks to author, Pierre Jovanovic, about Blythe Masters role at JP Morgan and the similarities between the world today and France of the 18th century on the eve of revolution."