Embry – London Trader, Commercials & A Spike In Gold !
Today John Embry told King World News, “What the London Trader was discussing with you was the fact that we were within $10 of a commercial signal failure, which is just astonishing.” Embry also stated, “These commercials are incredibly short … So if this market starts going against them, the price rise will be extraordinary.”
Here is what Embry, who is Chief Investment Strategist at Sprott Asset Management, had to say: “I’m focused on two things in the short-term. I’m not too concerned with the fact that gold is being knocked around here. There are two factors at work. One, and the ‘London Trader’ spoke so eloquently of it in your interviews with that source, is this massive short position by the bullion banks.”
“They (the commercials) will move heaven and earth to…
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