by Greg Hunter
USA Watchdog
Investment strategist John Embry says the market manipulation in physical gold and silver is coming to an end. How close? Embry says, “I think we are very close now in the sense that the physical supplies of both gold and silver are being diminished at a fast clip. I just saw Indian imports (for gold) were up 176% in the latest month. . . . Basically, all this gold and silver is headed from west to east, and I think this is a very, very disturbing development for people who live in the west. The timing of it remains imprecise. I think because of the take down in the paper market is so aggressive, at this point, that there is something that is going on behind the curtain that suggests to me that things are getting very close to reaching a head. We won’t know until it happens, but you got to be on the right side of the trade the moment it happens. You can’t be late.” Embry goes on to say, “I have never seen more negative sentiment in the sector at a time when both gold and silver are remarkably underpriced. I think gold and silver are as cheap today as anytime in their histories. This is in relation to the amount of money out there, the cost of credit, the cost of digging it out of the ground and etcetera. Nobody is interested in buying it, and to me, this is one of the great buying opportunities of all time.”
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