Monday, April 15, 2013

Bill Murphy of GATA and Le Metropole, email to me this morning 4/15/13 about the Gold and Silver Smash Down



Bill Murphy the founder of GATA  and the publisher of Le Metropole, a subscriber newsletter emailed me back this morning when I asked his opinion of what is happening with metals.

Here is his email to me unchanged:


Hello Sherrie,

Black is White and White is Black in the gold world. The more bullish the situation is, the more they attack. Ever since the first week in October, when the price of gold traded $1793 and silver was $35+, the selling by The Gold Cartel/JPM has been the most intense I have seen in 15 years. Not one single day has gone by since then when they could not be spotted with one of their maneuvers.

This collapse has all been orchestrated with this collapse set in motion on Friday following the PM Fix when the physical pricing was over the day (PLAN B). In addition The Gold Cartel loves to attack on Friday. There is an 83.2% chance of gold being lower or unchanged on Friday because of what they do and when.
Gold was hit so hard by The Gold Cartel forces, it broke below key price levels and down from a massive base. After falling to $1501 on the Comex, it was bombed in the Access Market to $1477 (PLAN C). And on we went from there last night and today to below $1400.

As far as silver goes, my "smeller" has told me for some time JP Morgan was going to crash the market so they could cover more of their massive short position. Whilethe open interest in gold is fairly low, the silver open interest has blown into multi-yearhighs. Because of the strength in the physical market, super longs were taking JPM on.

They are now paying the price for doing so.

It is all beyond corrupt. Could go on for hours here. For any Canadian readers of yours, suggest they watch the CBC documentary on Thursday night, The Secret World of Gold. It will explain a lot of what happened today and why.

All the best

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