from KingWorldNews:
Today John Embry told King World News that we are about to crush 15
years of resistance in gold and silver. Here is what Embry, who is
chief investment strategist at Sprott Asset Management, had to say:
“Friday was a solid day, but I could have bet my life that we would see
exactly what’s transpired today. There has been no follow through
whatsoever and that’s become the norm. Essentially, they don’t want
people to get excited about this sector, so when it pops up in price
they make sure there is no follow through.
But you have to understand the extent to which the gain on Friday was
fought. There were explosions in open interest on the COMEX. Open
interest in gold contracts increased over 14,000 contracts. Open
interest increased almost 4,000 contracts in silver.
These are big numbers…”
John Embry continues @ KingWorldNews.com
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