Embry: “As you know, Eric, sentiment in the silver market is even more negative now than it was at the historic low set on June 27th.  But nothing has changed on silver.  People need to understand that there is a lot more demand for physical silver than there is actual silver coming out of the ground.

Obviously the people running this paper scam are going to every above ground source in order to get inventory to keep the price from exploding....

Continue reading the John Embry interview below...


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

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“The fundamentals are so powerful in terms of the supply/demand for silver, and when you superimpose on top of that the monetary debasement we will have to experience in coming years, I strongly believe that in the fullness of time silver will be one of the greatest bull markets in the history of the world.

You are talking today about a price today of roughly $20 for silver, but you will see triple-digits before this is over, and even way beyond that if things continue to unfold in a hyperinflationary manner.”

Eric King:  “John, when you talk about the supply/demand imbalance for silver, many people wonder where the physical silver is coming from?  Where is it coming from?”

Embry:  “Last year when the silver market was really tight, one of the buyers was JP Morgan.  Some believe this has given them some ammunition to continue their paper takedown here.  But one of the things that is happening is that the COT (Commitment of Traders Reports) reports have been showing that the banks, the very entities that have been conducting the suppression of gold and silver prices for years, are getting materially long at the same time that the speculators are going very short.

I think this is a pre-condition to an explosion in the price of both gold and silver because once the bankers are long they have no problems with letting the price rise.  The reality is that the fundamentals have been terrific, it’s just been the bankers’ takedown of this whole sector for the past almost 2 1/2 years that has created this remarkable opportunity.

People need to understand that the fundamentals will eventually overrun the price suppression.  At that point the true price for silver will be revealed.  I don’t know what that number is, but it’s a heck of a lot higher than what you see on your screen today.”

Embry added:  “Like most people I had to endure Janet Yellen’s testimony to Congress in her confirmation hearings.  She’s not stupid or she wouldn’t be where she is, but some of her comments really strain credibility.  I can’t believe that she actually believes this, but she said:

“A strong recovery will ultimately enable the Fed to reduce its monetary accommodation, and reliance on unconventional tools such as asset purchases.  I believe that supporting the recovery today with QE is the surest path to returning to a more normal approach to monetary policy.”

Well there is no way in God’s Earth that is going to work.  If it was going to work it would have worked some time in the last 5 years.  If anything the economy is now receding again.  So for her to say something that stupid really makes me uncomfortable.”

Eric King:  “What does all of this mean in terms of the end game, John?”

Embry:  “Basically, what we talk about on KWN, it’s not ‘if,’ it’s ‘when.’  And that’s the hardest question because there have been so many innovations in finance, and the ability to get more leverage and money jammed into the system, that this has gone on far longer than any sane person believed possible.  This just makes the end game all that messier.

But as to whether they can keep this charade going for another six months or a year, I don’t know.  All I know is that the longer it goes on, the worse the outcome is going to be.  Meaning, there will be a horrific price we will all pay because of what these people are doing.  Austrian Economics teaches us that.

People just have to take a step back from all of the noise and realize that ‘QE-to-infinity’ is on.  The appointment of Janet Yellen to the Fed is part of this disastrous policy.  She is going to take this thing right over the cliff.  The powers that be realize there is no alternative but to keep printing.  But what they try to do is constantly fool the public by having a seemingly never-ending stream of Orwellian propaganda coming out of the various Fed governors and other spokesman.

The bottom line is they are trapped and KWN readers around the world should ignore the propaganda.  The fact is that they have no alternative because if they don’t keep printing, interest rates will rise sharply and the whole debt system will implode.  That day is coming regardless, but they are desperately attempting to hold that day of reckoning at bay as long as possible, but all if this delaying just guarantees a catastrophic ending.”

IMPORTANT - KWN has now released the fantastic audio interviews with Art Cashin and David Stockman and you can listen to them 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 audio interviews with David Stockman, Art Cashin, Dr. Stephen Leeb, John Hathaway, Bill Fleckenstein, James Turk, Andrew Maguire, William Kaye, Gerald Celente, Dr. Paul Craig Roberts, Eric Sprott and Jim Grant are available now. Other recent KWN interviews include Marc Faber and Felix Zulauf -- to listen CLICK HERE.

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