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