According to Market Watch, Gold futures climbed Monday to close at their highest level since June 19th. Silver was the biggest mover on Monday with a 2.1% gain on the day to a new 2-month high, which the mainstream media attributes to ‘technical trading’.
Maybe. But maybe it’s something more. As our friend Bill Murphy told us on July 19, his London source assured him that “BIG, BIG Gold & Silver Moves Are Coming in August”. It’s August folks, and Ag is on the move. Credit +1 to Bill.
With the European Union staring at the edge of the September 12th abyss, and the big guns like Jacob Rothschild, his minion George Soros and John Paulson literally betting on a collapse, people may be starting to wake up to the cold harsh reality of the potential nightmares we face.
As the financial collapse finally becomes apparent to all, the dumbed down masses will eventually stampede into the precious metals, it’s inevitable. Central Banks across the globe and deep pocketed Billionaires are already rushing into gold. Although for now the big boys appear to be utilizing paper ETF’s to shore up their positions, perhaps in part, as a method to provide propaganda for the general public that “paper gold is perfectly safe”. These folks also own a king’s ransom in physical. Which leaves those of us who know the truth to conclude, “PHYSICAL silver below $30? Still a bargain!”
At this point it may be prudent to revisit the words of James Turk, “A beach ball submerged for far too long only has one way to go upon its release. Straight up.”
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