John Embry
continues:
“The question I ask myself is, ‘What is going on?’
The very same factors that have driven the Dow to all-time highs, which is
basically just excess liquidity in the system, should, in a real world, have
driven gold and silver to record highs.
Instead they are both under enormous downside
pressure in the paper markets, despite the fact that the physical markets remain
very firm....
“Then the question I ask myself is, ‘What is
bothering the powers that be to the extent that they would do this, and become
so blatant that anybody with an IQ over (that of) a geranium can see what’s
going on?”
Eric King: “John, what do you
think that reason is?”
Embry: “I think there are
one of two reasons really. The pat reason is that the system is in such tough
shape, and they are trying to sell the public on the fact that it isn’t.
Therefore, the canary’s in the coal mine, gold and silver, which basically tip
the public off that things are bad if they are rising, they have to be kept
under control.
But I think there is another factor: I do believe
the powers that be are clever enough to know what’s coming and that is going to
be a massive explosion in the gold and silver prices before this is over. And
probably sooner rather than later.
So the people that have been front and center in the
suppression, the bullion banks, I think are trying to position themselves
differently so they are not going to be terribly vulnerable when the price
explodes. And it’s working. You see the amazing shift in the Commitment of
Traders Report, where more and more of the speculators are going short, and the
commercials are getting the opportunity to cover. So I think that might be a
motivation too.”
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