from Reluctant Preppers
With Gold & Silver markets falling flat after the predicted Sept 30, 2016 event of the Chinese Yuan joining the SDR, and with the US Presidential election fast approaching, how will the outcome of the election play out for Gold & Silver? Why are gold & silver managed as they are, and when will the current stalemate be broken? Bill Murphy, co-founder of the Gold Anti-Trust Action Committee GATA.org returns to Reluctant Preppers to offer insight on the resurgence of manipulation and his prediction on when the endgame will be up!
IN THIS INTERVIEW:
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Sept 30 Chinese Yuan added to SDR basket of currencies:
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Jim Rickards had predicted a move up for gold, but it was pushed lower – any response?
Governments and other major players had plenty of time to prepare, and most powerful did what they needed to manage the reaction of gold to defeat the prediction and expectations.
Silver classic bull market movement of Aug-Sept
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Now has reverted to old 2015 behavior, appears JP Morgan has done it again.
Bill’s view: mainstream both Dems & Republican parties want Hillary elected to maintain status quo.
Gold & Silver smackdown fit the script heading into the elections…
Gold will be managed ahead of the election: But what happens next?
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Going into the election, Dow maintained above 18,000 and gold & silver managed down to fit the narrative:
No matter who is elected, in the past they all go the mainstream – will Trump break the mold?
“Bill Clinton, “I didn’t realize I wouldn’t be in charge once I was elected president…”
JP Morgan and others want to keep gold & silver off the radar screen, been going on for 18 years.
Gold & Silver are tiny markets vs. stocks & bonds, but signifiant as barometers of financial health and especially political unrest, so managed by people in control to sooth the popular opinion.
We have under-estimated the amount of physical metal made available to enable the suppression of the price so long.
Where are Gold & Silver headed next?
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If silver takes out $21, will the move will be much more violent to the upside that in was in 2011? Will we take out $50 on our way to 100?
Current risk/reward is nothing compared to what we will see, so the time to accumulate is now, while the physical is still available.
Bill’s prediction on when we will see spectacular market movement – will it be in the next year?
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