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John Embry continues:


“So I am not surprised that they really laid the lumber to it.  As it has throughout the entire bull market in both silver and gold, which began at the beginning of this century, this just creates another fabulous buying opportunity, this may be one of the best ones.


What I find reprehensible about the whole thing is the poor, little guy out there who is struggling at the best of times here, their (central bank) actions (interventions in gold and silver) are driving some of them away from the metals.  It’s wrong, in the end that’s what is going to be his salvation. 


I can assure you that the vast majority of people won’t be there because they can’t stand this kind of counter-intuitive action and wild volatility.  They want to keep the vast majority of the public away (from gold & silver)....


Continue reading the John Embry interview below... 




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“The really astute ones are using this opportunity to gobble up all of the physical metal they can get their hands on.  I know the other side reads everything we say and there was a growing bullish consensus when the HUI broke out over 600 less than a week ago.  I think they taught us a lesson, ‘Boys, this is a small market too and we can do what we want with it in the short-term.’  They just thrashed these things (mining shares) and they got a lot of selling by the late comers and the people who don’t really understand why they own this stuff.”


When asked about silver specifically, Embry stated, “It’s a small market and it’s been abused many times in the past.  A major bullion bank, who is now being sued in a class action suit, has a massive short position and has been very active on the short side of this market.  It’s in their best interest to cover these shorts and there is no better way to cover them than to drive the price down and get the longs to throw their positions over the side.”


Because of the continued volatility in gold and silver, KWN will release John Embry’s audio interview later today for the listeners globally.


In John’s segment you have one of the greats putting the action in gold and silver into proper perspective.  John Embry also discusses this smash in gold and silver and compares it to the one seen in 2008 and much more.  The KWN interview with John Embry will be released later today and you can listen to it by CLICKING HERE. 


© 2011 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the blog page is permitted and encouraged.


Eric King

KingWorldNews.com

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