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John Embry - Gold & Silver Takedown & Why Banks Will Collapse

John Embry

Today a man who has been involved in the financial markets for 50 years spoke with King World News about the gold and silver takedown this week, and why the banking system will collapse.  John Embry, who is business partners with billionaire Eric Sprott, also included a discussion about an article in the Globe and Mail this week.

Embry:  As you know, there has been a vicious takedown in gold this week.  But I can honestly say that I’m not surprised because September has traditionally been the strongest month for gold.  So the central planners, who run the Western banks, had to defuse this potential enthusiasm, and that’s what they have done with yet another high-frequency driven, algorithm attack....


To continue reading the John Embry interview below please click here...


The miners have started 2014 very well indeed on the back of rising gold prices, so the question is; is this the real deal or another head fake? Is the bottom really in? Could there be a final capitulation just ahead of us? Will the summer doldrums take the PMs lower?

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Reader Comments (2)

When has Embry ever been correct with his comments?

September 5, 2014 | Unregistered Commentersilver bug

Sadly its the same old mantra, I guess thats one of the problems of being a perma-bull

September 5, 2014 | Registered CommenterSilver Prices

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