RECORD HIGH OPEN INTEREST FORETELLS HIGHER GOLD / SILVER PRICES: BILL MURPHY
RECORD HIGH OPEN INTEREST FORETELLS HIGHER GOLD / SILVER PRICES: BILL MURPHY by Rory for The Daily Coin
The New Orleans Investment Conference was held this past weekend and our good friend Chris Marcus, Arcadia Economics, was able to travel to the show and secure several great interviews. He was kind enough to arrange an interview for us with long time friend and publisher of LeMetropole Cafe and founding member of GATA, Bill Murphy.
It seems the timing was perfect to sit down with Mr. Murphy with the markets really showing their teeth with their ability to continually bounce back after being hit by the “bad guys”. The charts, as we have been reporting for the past several weeks (really two years), look great and with year end buying coming online we should see the strength remain.
With all the court cases proving gold and silver market rigging over the past couple of years it is no wonder the some of the people that denied market rigging are now holding their head a little lower in the presence of Mr. Murphy and his long time GATA partner, Chris Powell. These gentlemen have been fighting the good fight and have documented, for the past 20 years, all the banking and government rigging of the precious metals markets that really began in the late 1960’s and was made policy in the early 1970’s.
Now, the Department of Justice, under the Trump administration, is now considering filing RICO charges against JP Morgan. If this happens and this case goes to court, the discovery process in a courtroom could uncover a number of very interesting branches of an extremely corrupt bullion banking cabal.
With all the geopolitical, central banking shenanigans and economic issues going on around the world we should see silver and gold moving to the upside over the next year. This is to say nothing of the problems in the mining sector offering a great deal of support to this thesis. If you have no product it makes it difficult to have a market. Demand, outside the U.S. continues to be strong and among the central banks it demand is at record highs. Got physical?