Gold at all time high $1,487.50 | Silver at new 31-year high $42.85
GATA Chairman Bill Murphy discusses the forces behind the recent surge of gold and silver prices into all time high and multi-decade high territories. Topics covered include JP Morgan’s trapped silver short position, lack of physical silver for delivery, Gold/Silver Ratio, and why the current bull run is unlike the 1980 Hunt brothers “cornering” of the silver market. Related reading: GATA’s testimony before the CFTC hearing in March 2010 |