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« Euro Optimism Surges, A Greek Tax Revolt Flares Up: It’s Decision Time, Again | Main | Big Changes Ahead: Gold Just Became Money Again »
Monday
Aug202012

John Embry - Apple, Gold, Manipulation & Financial Implosion

 Embry had this to say about Apple and the world’s gold shares: “I would just like to add that we see shares of Apple hitting new all-time highs, even though their last quarter wasn’t quite up to snuff.  But the market cap of Apple is now greater than three times that of all of the world’s publicly traded gold and silver equities. 

This will be seen as preposterous in the fullness of time, and I can assure that this will reverse as the bull market in gold and silver mature.”

Today John Embry told King World News, “... the market cap of Apple is now greater than three times that of all of the world’s publicly traded gold and silver equities.”  Embry also said, “Irrespective of the back and forth in the gold market, in a covert fashion, the Western central banks have been acting much like they did back during the London Gold Pool in the 60s ... the Western central banks can only get away with this for so long, before they are completely overrun.”  

 “I’m focused on the better silver price, which sort of came out of left field.  Thirty-eight times silver was recently beaten back on a minute by minute basis at the $28 level.  Every time it went though $28 it was jammed back down.  So for silver to breakout today and make a run towards $29 is significant, and very promising going forward.”

To read this interview in full please click here.

Have a good one!

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The 2011 Annual Report by be accessed via this link.

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