Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

 

Search Gold Prices
Gold Price
[Most Recent Quotes from www.kitco.com]
Our RSS Feed

Gold Updates by Mail

Enter your email address:

Follow Us on Twitter
« The Bull Market in Truth | Main | SK Option Trader Continues to Bank Profits »
Friday
Oct122012

John Embry on the possibility of Commercial Signal Failure

Today John Embry told King World News, “We are literally witnessing a war between the physical buyers (Eastern central banks), and the paper manipulators (commercials or bullion banks), and that is why there is such a fierce battle being waged in gold between $1,735 and $1,800.”  Embry also stated, “If the commercials run into trouble (with their massive short positions), KWN readers will see a move in gold that will leave them breathless.” 

Here is what Embry, who is Chief Investment Strategist at Sprott Asset Management, had to say:  “This is one of those moments in the gold market where there is a distinct possibility that we will see a commercial signal failure.  A commercial signal failure is an extremely rare event, but we could well be setting up for just such an occurrence right now.”

The commercials are massively short gold at the moment, and each time they try attempt to drive the price of gold lower, there is a solid wall of physical buying they are running into.  I just don’t think they anticipated this.  Meanwhile, the Eastern buyers, such as China, are delighted the commercials keep trying to push gold lower.

But now we are getting to the point where there is a distinct possibility that the bullion banks may run into some serious trouble with their enormous short positions...

 

Please pop across to Eric Kings website to read this interview in full, click here.

Have a good one.

Regarding www.skoptionstrading.com. We are pleased to inform you that we have now achieved more than a 500% return since inception.

If you wish to join a winning team then please become a subscriber via this link:

Our model portfolio is up 505.98% since inception

Our trading success rate is 91.30%

95 profitable trades out of 104.

An annualized return of 78.31%

An average return of 35.55% per trade

Our annual performance figures are as follows:

2009 We made a profit of 23.89%

2010 We made a profit of 158.66%

2011 We made a profit of 40.95%

In 2011 we outperformed:

S&P by 42%

HUI by 53%

Gold by 31%

Silver by 41%

The 2011 Annual Report by be accessed via this link.

Also many thanks to those of you who have already joined us and for the very kind words that you sent us regarding the service so far, we hope that we can continue to put a smile on your faces.

To stay updated on our market commentary, which gold stocks we are buying and why, please subscribe to The Gold Prices Newsletter, completely FREE of charge. Simply click here and enter your email address. Winners of the Gold Drivers Stock Picking Competition 2007  

If you are new to investment in the precious metals sector then you may wish to subscribe of our FREE newsletters regarding gold stockssilver stocks and uranium stocks, just click on the links and enter your email address. 

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>