JPMorgan Silver Manipulation Ending? | Bill Murphy
Published on Feb 3, 2017
Bill Murphy from the Gold Anti-Trust Action Committee sounds the alarm that JPMorgan may lose control of the silver market. Silver has broken through the $17.20 resistance level. If silver breaks through $19, then $21, silver could rise dramatically. JPMorgan, which has been the big short in the silver market, will either be forced to cover or will lose control, Murphy says. As for gold, the next resistance level to pay attention to is $1250, he says.
Regarding the Trump administration, does Trump really want to “drain the swamp?” Murphy says if Trump really wanted to drain the swamp, Trump would order an audit of the US gold reserves. This would expose that not all the gold is there, Murphy believes.
No comments yet.