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Saturday, September 15, 2012 9:50:00 AM
John Embry Expects a Silver Price Explosion Driven by Physical Shortage
* Saturday, September 15, 2012
We are a long-time fan of John Embry, as we consider him one of the most experienced people in the precious metals world. In his latest interview on King World News, he confirmed once again what is happening particularly with silver: manipulation of silver prices is still going on but signs of shortage in physical silver are increasing by the day and hence a silver price explosion is almost unavoidable.
Manipulation vs opportunity
Just like several other precious metals experts, John Embry is confirming the ongoing suppression of the gold and silver prices. This is what he had to say on King World News in yesterday’s interview: “Two days before the QE announcement they dropped the price of silver about $1.50 in a nanosecond. It’s the same games being played by the same people, and it’s going to end horribly because all the manipulation is doing is creating wonderful buying opportunities for the Chinese, the Russians, and the rest of the central banks that know full well what’s going on. “
Yes indeed, we have reported on this website numerous times how manipulation has created buying opportunities and who the ones were that made use of these opportunities. The Eastern countries and non-G6 Central Banks have been accumulating tons of gold. Besides we reported recently that smart money has been accumulating gold on the dips down at the $1,500 level. On an even more fundamental level, we reported that China could be considering to back its currency up by gold.
These are all fundamental evolutions in the gold & silver markets that shouldn’t go unnoticed for anybody, as they are extremely meaningful.
Sentiment vs fundamentals
The fundamentals have never been better for gold and silver. Our own analysis on the gold & silver price influencers shows that almost all indicators are “in green” since this week. After the most important Central Banks announced monetary easing on a global scale, even the chart technicals turned bullish. Only sentiment remains bearish for the time being.
Continued...
http://goldsilverworlds.com/gold-silver-experts/john-embry-expects-a-silver-price-explosion-driven-by-physical-shortage/
George.
* Saturday, September 15, 2012
We are a long-time fan of John Embry, as we consider him one of the most experienced people in the precious metals world. In his latest interview on King World News, he confirmed once again what is happening particularly with silver: manipulation of silver prices is still going on but signs of shortage in physical silver are increasing by the day and hence a silver price explosion is almost unavoidable.
Manipulation vs opportunity
Just like several other precious metals experts, John Embry is confirming the ongoing suppression of the gold and silver prices. This is what he had to say on King World News in yesterday’s interview: “Two days before the QE announcement they dropped the price of silver about $1.50 in a nanosecond. It’s the same games being played by the same people, and it’s going to end horribly because all the manipulation is doing is creating wonderful buying opportunities for the Chinese, the Russians, and the rest of the central banks that know full well what’s going on. “
Yes indeed, we have reported on this website numerous times how manipulation has created buying opportunities and who the ones were that made use of these opportunities. The Eastern countries and non-G6 Central Banks have been accumulating tons of gold. Besides we reported recently that smart money has been accumulating gold on the dips down at the $1,500 level. On an even more fundamental level, we reported that China could be considering to back its currency up by gold.
These are all fundamental evolutions in the gold & silver markets that shouldn’t go unnoticed for anybody, as they are extremely meaningful.
Sentiment vs fundamentals
The fundamentals have never been better for gold and silver. Our own analysis on the gold & silver price influencers shows that almost all indicators are “in green” since this week. After the most important Central Banks announced monetary easing on a global scale, even the chart technicals turned bullish. Only sentiment remains bearish for the time being.
Continued...
http://goldsilverworlds.com/gold-silver-experts/john-embry-expects-a-silver-price-explosion-driven-by-physical-shortage/
George.
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