by Chris Waltzek
Bill Murphy of GATA.org returns to the show with insights on the PMs sector. Evidently, the gold cartel continues to be the key shadowy force behind downward price movements in the PMs sector. However, physical supply constraints are hindering their efforts, as evidenced by the sharp recovery in price in recent weeks. The dialogue includes news from Sydney Australia via GATA.org, that gold miner, Resolute, is offering shareholders the option to receive gold bullion dividends, in lieu of a check. The shares skyrocketed several fold in recent months since the announcement. Recent commentary from Dr. Stephen Leeb implies that China’s banks are accumulating large inventories of gold, to satisfy new IMF regulations as well as in anticipation of a new global reserve currency.