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Embry:  “It’s remarkable the extent to which gold and silver are being suppressed here.  I would say that what has gone on in the last week is probably is as blatant a suppression as anything I’ve witnessed in the last 20 years, and that’s saying a lot.


One of the overnight attacks last week was 4,000 contracts in the middle of the night in less than a minute....


Continue reading the John Embry interview below...




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“Let’s face it, that isn’t normal trading.  This is just pure and simple manipulation.  This begs the question, what are the central planners so worried about?  There is clearly something in the background that even the pessimists don’t fully understand.


But this just creates an even better buying opportunity for those who understand where this is all headed.  I would strongly suggest that everyone who does understand the game here should buy physical gold and silver and keep it outside of the banking system.


I was absolutely thrilled to see that Andrew Maguire went public on KWN concerning these allegations made by the JP Morgan employees.  The fact is that I believe these are totally valid claims regarding manipulation.  It really serves a purpose from my perspective because there are a lot of people who should know better but who choose not to acknowledge that the gold and silver markets have been totally manipulated for many, many years.


When you see information like what Maguire just revealed, anybody that is the least bit objective would have to finally acknowledge that all of the people who have talked about manipulation have been dead right.  So I thought this interview was historic, and Andrew is in a position to see what is really taking place behind the scenes.”


Embry also added:  “Apparently there has been a report by a BIS economist which has acknowledged that the only reason the financial system has continued to stay afloat since 2008 is because there has been a lot more debt created.  He also went on to acknowledge that they (central planners) are running out of ammunition. 


You know that I fervently believe believe in Austrian economics, and under that scenario the only way the global economy can now continue moving forward is to have ever-and-ever greater debt creation in the future.  But the problem is that the world can’t even service the existing debt it already has.


So the idea that the world economy can grow to any sustainable extent over the next few years is absolutely preposterous.  This means there are only two possible outcomes:  If it doesn’t grow and they don’t throw more and more monetary stimulus at it, we are going to have a deflationary collapse.  The other outcome would mean QE-to-infinity, despite this talk of ‘taper.’


The fact that Larry Summers will not be standing for the job a head of the Fed, this has been viewed as extraordinarily good news for the stock market, which is up dramatically.  This clears the way for a more wildly bullish scenario for gold and silver.  So all this means is that the gold and silver prices will be greatly enhanced in the future.


Ahead of the Fed meeting this week, obviously central planners felt the need to keep the prices of gold and silver under control.  Now, with the announcement of Summers stepping aside, this has caused them to throw even more ammunition at these markets, which is just setting up an even more explosive move in gold and silver.  I totally share my business partner Eric Sprott’s opinion that the silver price, which as recently as 2 1/2 years ago was touching $50, will trade over $100 in a lot shorter time frame than most people realize.”


© 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 Eric Sprott, Andrew Maguire, Grant Williams, Stephen Leeb, Bill Fleckenstein, Pierre Lassonde, Dr. Paul Craig Roberts, Art Cashin, Egon von Greyerz and Marc Faber are available now. Also, other outstanding recent KWN interviews include Jim Grant and Felix Zulauf to listen CLICKING HERE.


Eric King

KingWorldNews.com

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