Today a man who has been involved in the financial markets for 50 years discussed the gold and silver smash and why the orchestrated smash is essential to avoid igniting a derivatives time bomb. Below is what John Embry had to say in this timely interview.
Embry: “On a day like today I’m focused on the takedown of gold and silver, which got under way during the access market in Asia and picked up speed as we passed into the Comex today. Gold is getting pounded and the idea that this is profit-taking or long liquidation is preposterous....
To continue reading the John Embry interview please click here.
Gold prices got pounded today, so the question is; is this the real deal or another head fake? Is the bottom really in? Could there be a final capitulation just ahead of us? Will the summer doldrums take the PMs lower?
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