30+ year participants in precious metals are dumping their exposure and chasing bitcoin and other crypto currencies. Meanwhile, the May 25th Comex expiration for the June contract was addressed in the last week with a large batch of new short interest contract issuance to meet rising demand so as to keep a lid on gold’s upside. But a funny thing happened. The cartel has failed to push gold down. This is an extremely positive development.
In the following outstanding interview my colleague Jason Barack asks Mr. Murphy probing questions. This is listening time well spent. – Eric Dubin
TND Podcast Spotlight: Wall St. For Main St.
Jason Burack of Wall St for Main St interviewed returning guest, former professional commodities trader and long time financial professional, newsletter writer at Le Metropole Cafe https://www.lemetropolecafe.com/ and Co-Founder and Chairman of the Gold Anti-Trust Action Committee (GATA) http://www.gata.org/, Bill Murphy.
During this 25+ minute interview, Jason first asks Bill if more primary gold and silver miners have contacted GATA if Deutsche Bank admitted to manipulating the London Gold and London Silver fix?
Next, Jason and Bill discuss sentiment in the gold and silver space among investors. Bill says sentiment is the most negative he’s ever seen people in the US towards gold and silver in over 20 years covering gold and silver.
Jason and Bill discuss how a lot of US retail investors have sold all their gold, silver and mining shares recently and thrown in the proverbial towel.
Bill thinks the bottom in silver has already occurred or will happen soon and silver will be over $25 by the end of 2017.
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About Wall Street For Main Street