Keith Neumeyer joins us to discuss his thoughts on:
The silver & gold markets
The bullion banks pricing control of the silver market
CPM Group & Metals Focus data reporting about the market
Any group of individuals given the power to manipulate the money supply, and manipulate the interest rates that are the price of money, poses a threat to our liberty and prosperity.
We now have a massive, extraordinary taking of wealth from the people of the nation, to the benefit of the government as well as the financial firms and major corporations that profit from artificially low interest rates.
The greenback remains king in terms of liquidity. And fiat money is, of course, incredibly useful... right up until the confidence underpinning its value fails.
This pullback is a high probability buying opportunity as there's a lot of support below the market, and our next higher target is 5500SPX which can be hit as early as the end of this year or by early next year.
The net result is that if Bank of America did borrow and sell short 30 million oz of gold, as I contend, the roughly $50 billion in cash proceeds and derivatives position that BofA ended up with as a result...
