Bill Murphy of GATA.org and LeMetropole Cafe rejoins the show with timely commentary on the precious metals sector. He notes, “just bought a great deal of silver bullion and is active in the silver shares…”
Meanwhile, gold, silver, and related shares hover near multi-month records. Bill Murphy notes the “Cartel” is back at work, making “bombing raids” on his favorite sector. Headlines reveal escalating prices in numerous sectors, suggestive of future inflation on an epic scale just as technical indicators suggest a new gold bull market appears imminent.
Key takeaway, the physical demand will inevitably overwhelm the paper shorting scheme, resolving the disequilibrium with extraordinary gains in the PMs.
Bill 'Midas' Murphy monitors Precious Metals markets and has been bringing daily analysis and commentary to our subscribers here at LeMetropole Cafe for over 20 years.
Upon graduating Cornell University in 1969 Bill became a starting wide receiver for the Boston Patriots. After leaving football he went on to a career in the futures industry as a commodities broker. Early on he worked for Shearson Hayden Stone and Drexel Burnham before starting up his own introducing brokerage on 5th Avenue in New York. His past experience in the futures arena, and valuable market connections, led to his understanding of the gold/silver price suppression scheme, and what it would mean for future prices.