Great Depression may be sparked by COMEX
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John Embry is awesome. I trust his judgment as much as anyone's and more than most. Great interview.
gspotjazz 8 months ago
It's crazy that this is from December of 2008.
I think the backwardation in silver futures is also something that should be considered and that as of more recently the COMEX was (allegedly) offering a large premium to get people to settle their contracts in paper.
AgdrAgon999 10 months ago
I liked the idea of being bearish on industrial metals but bullish on precious metals.
MrAlanKendall 1 year ago
But what if the paper gold is owned mostly by the central banks who use it to regulate the price of gold
So they can buy gold paper without a cost by simply printing up paper with no backing
I believe it is all manipulation.
I certainly have no proof but I suspect this is correct.
dave777blaster 3 years ago
great post, gold was the only thing john was talking about in january 07, he called the floor at 600...good call.
mnoel228 3 years ago
Thanks for posting.
mbrown2204 3 years ago
Late October/early November, based on the platinum chart.
jryan1971 3 years ago
when was this aired?
yetzoz 3 years ago