Saturday, May 28, 2011

Bill Murphy and James Turk on Gold and Silver manipulation

Bill Murphy, Chairman of GATA the Gold Anti-Trust Action Committee, interviewed by James Turk, Director of the GoldMoney Foundation .Bill Murphy : ...the price of gold is gone so high a lot of people cannot afford an ounce of gold but they can afford Silver at these prices and because the west is so momentum oriented all of a sudden it is becoming fashionable that to own gold and silver , somebody the other day said they went to sell their silver and there was lines at the coin shops and they taught there was people going to sell their silver , they were (instead) buying !!! I think it is very encouraging from my stand point because it is making the life for the gold cartel and the people in the short side it is ruining them it is killing them , I mean they are deep under water , you well know they raid the market they tried tricks by raising the margins they attack at certain time , it is not working , in the old days years ago they will make moves like these there will be many many months before the price can recover because there was so much technical damage in terms of the technical market , now because of the physical market which you are talking about and that what I say that's where the importance is , you got these dips Floomps people are flocking in on every dip , so their games do not work like they used to and that's why we gonna to have something that's never been seen before in a market in America ...."

" I think that's too (the collapse of the dollar) , Silver is going bananas it's just bid bid bid , and the shorts at some point they have to cover something may be not the one being bailed out by the government but if you short silver .., just the other day I put in my commentary about Carlos Slim putting on hedges all type of Gold this is the richest guy in the world , he is not going to be the richest guy in the world if this keeps going on ......


Bob Chapman : Spain and Europe will be in flames this summer

Bob Chapman - Discount Gold Silver Trading 27 May 2011

Bob Chapman : the government tried to hold the gold down but they were not successful , people in Spain want change , but the police decided to beat them up , that has planted the seeds of revolution you will see Spain in flames now , it is going to be a hot summer all over Europe

A brief history of GATA - Bill Murphy

Bill Murphy Chairman of the Gold Anti-Trust Action Committee, and James Turk, speaking about the GATA history mission and activities , GATA is having its fourth conference the ' Gold Rush 2011 ' conference in London from August 4-6. Jim Sinclair will be a speaker at this conference , it looks like any time that GATA has a meeting the gold price goes up noted James Turk , so let's hope it will be the case this time again ...




Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
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