In this interview Bill Murphy from the Gold Anti-Trust Action Committee (GATA) feels that JPMorgan’s Silver Manipulation is ending. They may lose control of the silver market. Silver has broken through the $20 resistance level. If silver continues to break through silver could rise dramatically. JPMorgan, has been the big short in the silver market. It will either be forced to cover or will lose control. Murphy says for gold, the next resistance level to pay attention to is $1250.
We have seen by Trump’s actions so far he is not really interested in actions that will “drain the swamp.” Instead he has stuffed his cabinet with Wall Street Billionaires and CEO’s who have profited handsomely from the current situation. According to Bill Murphy if Trump really wanted to “drain the swamp” Trump would order an audit of the US gold reserves. This would expose that not all the gold is there, Murphy believes.
Bill is the chairman of GATA, The Gold Anti-Trust Action Committee. On his website is LeMetropoleCafe he has been telling the real gold and silver story for the past 15 years. As Chairman of (GATA) Bill has led the fight against gold market, and other precious metals market manipulation since 1999. Although this is a membership site you can get a two week free trial by using this link LeMetropoleCafe free two week trialand signing up there.
Bill believes that buyers are coming in and JP Morgan might be overpowered.
In discussing interest rates with Elijah Johnson of Finance and Liberty website Finance and Liberty Website Bill says that we can see in our daily purchases interest rates are much higher than the government reported rates. Gold and Silver are very undervalued today. Today’s investor can benefit from precious metals investing to prepare for the future.
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DISCLAIMER: The financial and political opinions expressed in this video are not necessarily of “Finance and Liberty” or its staff. Opinions expressed in this video do not constitute personalized investment advice and should not be relied on for making investment decisions.
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