John Embry continues:

“When London opened gold and silver were driven down for about ten consecutive days.  The COMEX PM close was lower than the AM opening.  This just bespeaks very aggressive manipulation.  The question I ask myself is, ‘What’s bothering them?  Why do they feel they have to do this?’

I think there are a lot of reasons....

Continue reading the John Embry interview below...


To hear what billionaire Eric Sprott & Rick Rule are doing with their own

money and which $10 billion company John Embry &

Dr. Marc Faber oversee click on the logo:

“This German news that came out a few weeks ago about them wanting to repatriate their gold is big.  I think that’s very significant. 

All of the comments coming out of Japan in the last few weeks about them finally capitulating and printing money hand over fist because they finally realize they are being swamped by deflation, that’s (also) hugely bullish for gold.  But that sort of thing has to be buried by the powers that be.

It was also interesting last week, the oldest bank in the world, that Italian bank, came out and said they had a major problem in the derivates field.  You put all of those (events) together and they are wildly bullish for gold and silver, yet the prices were clobbered.”

Eric King:  “You mentioned that last week we actually had an expansion in open interest as they took down silver.  It’s not liquidation.  It’s short selling by the bullion banks.”

Embry:  “It’s wild. One of the days late last week the number of outstanding silver contracts went up over 4,000 contracts.  That’s a huge number, and it’s challenging the highs from when the silver price was $3 or $4 higher a month or two ago.

So the fact that there is no liquidation to speak of, somebody is standing in and taking on the powers that be because I think they realize what a strong hand they have (against the manipulators).  The silver market is grotesquely undervalued and there are mounting shortages that are being documented all over the place.

I just see a supply/demand picture which is amazingly bullish, and when you superimpose that on existing short positions and the fact that the silver price has been held back so much, when this gets loose and runs I think people will be shocked at how fast it goes and how far it ultimately goes.  I will reiterate, I have no problem with silver (priced) in the hundreds and hundreds of dollars.”

This was an incredibly powerful audio interview with Embry.  He discusses a powerful force stepping into the silver market to take on the bullion banks.  Embry also discusses gold, the mining shares and much more.  The audio interview with John Embry is available now and you can listen to it by CLICKING HERE. 

© 2013 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.

The interviews with Rick Rule, Jean-Marie Eveillard, Stephen Leeb, Pierre Lassonde, Gerald Celente and James Turk are available now.  Also, be sure to listen to the other recent KWN interviews which include Bill Fleckenstein, John Hathaway, Egon von Greyerz, Ben Davies, Nigel Farage, Eric Sprott and Art Cashin by CLICKING HERE.

Eric King

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