GoldSeek Radio Nugget - Bill Murphy: Has the Gold Cartel Lost Control of the Gold Price?

Bill Murphy of Lemetropole Cafe and GATA.org, discusses why 2024 "Could Be Mindboggling for Gold and Silver"

- With Gold knocking on all-time record price levels, is the "gold cartel" losing control?

"[Let] me be honest with you, I mean silver and gold had a real good run of it. The bad guys, as I call the gold cartel, keep stopping it with the same commercial short position. Now, do I think it all can explode? Absolutely, there's every reason to go much much higher, but the bad guys have got to be defeated."

Murphy defines the gold cartel as the central banks of various [Western[ governments, the Bank of International Settlements (BIS), and possibly JPMorgan -- especially in the silver market. They rig markets to make money. 

He continues:

"Now, the good news for the precious metals market is (I think I've mentioned this before) is that gold, because of the buying by Asian central banks, is giving them fits – they're losing control or lost control of the gold market, which is very good news.

Silver's in a whole different story because these Asian central banks are not in the silver markets that take on [JP]Morgan yet. And as far as the shares, look how horribly this year, is the fact these past years until recently. The gold/silver shares are the cheapest things you can ever imagine."

- Will 2024 be the year of "The Big-Breakout?"
- Gold is $200 above the 3.5 year average price!
- With 6 rate hikes likely this year from the US Fed,
- The duo discuss the amazing technical position of gold, holding above all support amid a 3.5-year consolidation, building momentum:

What could send silver from $24 soaring to $50+ as soon as 2024? For all the insights and to review the hard data and official statistics supporting our thesis; 90% confidence level that 2024 is THE YEAR for gold and silver join our Substack:
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