As the tradition of bombing the heck out of the gold price leading into Comex expiration loomed on the horizon, a funny thing happened…
May 25th expiration of the June front month contract has come and gone and gold mostly moved sideways. This is an extremely positive development. – Eric Dubin
TND Podcast Spotlight: Wall St. For Main St.
Jason Burack of Wall St for Main St interviewed returning guest, former professional commodities trader and long time financial professional, newsletter writer at Le Metropole Cafe https://www.lemetropolecafe.com/ and Co-Founder and Chairman of the Gold Anti-Trust Action Committee (GATA) http://www.gata.org/, Bill Murphy.
During this 25+ minute interview, Jason first asks Bill if more primary gold and silver miners have contacted GATA if Deutsche Bank admitted to manipulating the London Gold and London Silver fix?
Next, Jason and Bill discuss sentiment in the gold and silver space among investors. Bill says sentiment is the most negative he’s ever seen people in the US towards gold and silver in over 20 years covering gold and silver.
Jason and Bill discuss how a lot of US retail investors have sold all their gold, silver and mining shares recently and thrown in the proverbial towel.
Bill thinks the bottom in silver has already occurred or will happen soon and silver will be over $25 by the end of 2017.
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