Today a man who has been involved in the financial markets for 50 years warned King World News about possible gold and silver shortages and a disastrous endgame. Embry also discussed the massive silver shorts as well as the large open interest in the silver market. Below is what John Embry had to say in this timely interview.
Embry: “I’m actually feeling considerably better about the gold and silver space. When we look at the rally last Thursday, part of it was clearly the incoherent explanation by Janet Yellen about Fed policy following last week’s FOMC meeting. When she called the inflation that’s rearing it’s ugly head ‘noise,’ well, I don’t consider food, energy, and health care to be noise....
To continue reading the John Embry interview please click here
The miners have started 2014 very well indeed on the back of rising gold prices, 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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