With most key markets around the world trading lower, today Egon von
Greyerz warned King World News that there are enormous shortages of
physical gold and this has created a situation where the bullion banks
are in real trouble here because of the supply problems. Below is what
Greyerz, who is founder of Matterhorn Asset Management out of
Switzerland, had to say in this powerful and exclusive interview.
Greyerz: “Eric, you know my view that gold and
silver will go up because of unlimited money printing. That’s
guaranteed to happen. But other factors that could put even more
(upward) pressure on gold in the short-term are the enormous physical
central banks have, for decades, leased or sold their gold to the
bullion banks. So they are very likely to own very little of the
23,000 tons that Western central banks are said to hold.
now bullion banks also have a problem: They tried to replenish their
(physical gold) coffers during the massive manipulative selling that
we’ve seen over the last few months in the paper market. Although they
took the price down, most of the physical (gold) that was released by
selling from ETFs and hedge funds was absorbed by Asia.
the bullion banks are still massively short of physical gold. Eric,
all of these physical shortage problems are likely to put enormous
upward pressure on gold in coming months. And remember that this
factor is in addition to the destruction of paper money we will see
which will also put upward pressure on gold.
important for investors to understand, and especially holders of gold
and silver, that there are now several different factors which will
propel gold and silver to much higher levels. As you know, Eric, I’ve
said that within the next year we will see levels that will be a lot
higher than the $1,900 mark we saw in 2011.
see shortages everywhere, and I see real problems in the market with
the bullion banks still under pressure. I am hearing that they
(bullion banks) are under real pressure, and this is why we will see
incredible upward moves (for gold and silver) starting in September.”
The first window we warned where a low in gold could form was June
in the mid 1100 level. We reached that minimum target objective despite
all the yelling and screaming about fiat, manipulations, and other
nonsense. We are still not out of the woods on gold yet and the primary
resistance zone going into year-end remains 1307-1432. The first Weekly
Bullish Reversal is 1424 and the first Monthly is 1569.
The Daily Bearish are 12725, 12693, and 12068.
After September, we will do an update for those who bought the metals report.
Silver guru David Morgan joins Finance & Liberty’s Elijah Johnson
to discuss the latest developments in the gold & silver markets.
Morgan discusses the historic beating the cartel has inflicted on the metals over the past 3 months, and states with silver recently touching an $18 handle, the evidence indicates that JP Morgan is now LONG SILVER!
翌日早上，記者跟從阿倫指示，在上水站內的公廁門外等候，同場亦見多名學生正在等候，其中有人即將升讀中六，亦有人正在就讀毅進課程，但各人不約而同地表示，為玩樂所以想透過暑假搵快錢。不久，身穿白衣兼正在接聽電話的阿倫現身，在與記者等人相認後，向電話對頭人稱「好多細路到鰦，快拎貨」，並在接獲進一步指示後，帶領眾人到羅湖的月台上取貨。當走到一開揚的座椅時，發現正有兩名內地漢旁若無人地將多部13吋Mac Book Air開封、拆盒、入黑膠袋，再分予每人兩部及要求收藏在自備袋內裝作自用。