by Chris Waltzek
GoldSeek Radio
Bill Murphy from GATA.org returns to the show with insights on the PMs sector – with nearly 20 years PMs sector experience, he notes the newly bullish character of gold / silver. The official gold rigging or “fix / pool” continues to unravel, representing an unprecedentedly positive investment opportunity. Bill Murphy examines the minutiae of the silver market, including unusual pre/post Fed meeting activity, citing record open interest imbalances that could catapult the price first to $30, followed by $50, then onwards and upwards to $100 an ounce. Our guest reveals that a investment bank is primarily responsible for silver price suppression; nevertheless, the misguided financial institution has lost the reigns of the silver paper market, which could result in a force majeure and windfall profits for silver bulls.