Political Metals

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Bill Murphy of the Gold Anti Trust Action Committee (GATA) told Kitco News Wednesday that he expects to see a huge problem with JP Morgan’s large silver short position should the longs stand for delivery, adding that “the scandal is going to break sometime this month”.

He also commented on problems getting physical silver in size, delayed shipments and deliveries made with newly minted bars (instead of bars from existing inventories).

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Listen to his response on the following:

• News of CFTC’ dropping the 3-year silver probe.
• QE and the price of gold
• That the gold market IS manipulated, but to the upside!

And finally, his call that we’ll see $50 silver before year end.

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