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Silver is Kryptonite to Gold Cartel Bankers – Bill Murphy

It seems to me that, this year, silver is in play . . . . That is this big money talking on the JPMorgan crowd and their game. – Bill Murphy

TND VideoCast Spotlight:  Greg Hunter’s USAWatchdog.com  |

Chairman of GATA (Gold Anti-Trust Action Committee) Bill Murphy thinks financial markets are way more vulnerable than they appear. Murphy explains, “There are negative interest rates and low interest rates that just keep staying down there, and supposedly things are really good.  Look at our Dow at all-time highs, and yet something is really wrong.  Of course, this fits into the GATA premise on this whole thing.  There’s a lot of quantitative easing (money printing) and propping up of the markets, and it’s on very shaky ground.  The plug could be pulled at any time. . . . With interest rates where they are and debt growing all over the place, the reasons to be in gold are off the charts.”

Murphy says “silver is Kryptonite to central bankers” because there is little supply to use in the cartel’s suppression game.  Murphy says, “You mention the word Kryptonite and the key is what silver is doing.  It is an extraordinary situation right now. . . . It seems to me that, this year, silver is in play . . . . That is this big money talking on the JPMorgan crowd and their game.  They are gradually moving in for what I think is going to be one of the biggest market moves in history, and that is silver going to $50 (per ounce) and then a $100 (per ounce).  Basically, it’s because supply is drying up. . . . Where is all this supply coming from that this JPMorgan crowd has been feeding the market with, and I think they are hitting the wall with it.  I think this big money knows what’s going on, and they are quietly moving in.  That’s the reason silver has been trading like it has.  $18.50 was a key number.  That was the completion of a big base. . . . The next big key is to take out $20.50, but the real number is $21.   If it gets above $21, it’s going to start trading chaotically with volatile action on the upside.  The market move is going to be historic.”

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Click here to access the rest of Greg Hunter’s write-up and the active comment section.

After the Interview:
There is free information and analysis on GATA.org.  Bill Murphy’s “MIDAS” Newsletter offers a free trial and that can be accessed here:  LeMetropoleCafe.com

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About Greg Hunter:

greg_hunter1Mr. Hunter is the producer and creator of Greg Hunter’s USAWatchdog.com. The site’s slogan is “analyzing the news to give you a clear picture of what’s really going on.” The site will keep an eye on the government, your financial interests and cut through the media spin. Greg Hunter’s USAWatchdog.com is neither Democrat nor Republican, Liberal or Conservative. Before creating and producing the site, Greg spent nearly 9 years as a network and investigative correspondent. He worked for ABC News and Good Morning America for nearly 6 years. Most recently, Greg worked for CNN for shows such as Paula Zahn Now, American Morning and various CNN business shows. Greg encurages feedback and welcomes comments. You may also support USAWatchdog.com by clicking here to donate.  Reprinted with permission.

 

 

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