Friday, September 9, 2011

John Embry: JP Morgan Trapped Short in Silver, Gold Strongly Bid

With continued volatility in both the gold and silver markets, today King World News interviewed John Embry, Chief Investment Strategist of the $10 billion strong Sprott Asset Management. When asked about the action in gold and what he is doing with his own money Embry replied, “I’ve been buying gold shares, I mean this is no different than the smash that we had a couple weeks ago when they (the cartel) took it from $1,900 to $1,700. One of the reasons for the takedown is they know what’s coming. You’ve got the Fed meeting on the 20th and 21st but they are not going to solve anything. It’s the same suspects doing the same games and it will end the same way.”

John Embry continues: Read More @ KingWorldNews.com

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