Tuesday, October 23, 2012

The Precious Metals Markets are Rigged

“I think John Embry got it exactly right in his KWN interview this week, Eric. John made the point about the US election coming up and the effort to make everything look as good as possible. We already saw that happen earlier in the month when the questionable unemployment number was released.

That unemployment release even got the mainstream people raising their eyebrows when they saw the big drop. Now we are seeing it in gold and silver. Just about everybody recognizes that the precious metals markets are rigged, to use John's term.

As a consequence, gold and silver were beaten up a little, which can make a week like this one a bit discouraging...."

- James Turk via a recent King World News interview, read the full interview here: