Embry – Apple, Gold, Manipulation & Financial Implosion
August 20, 2012
Today John Embry told King World News, “… the market cap of Apple is now greater than three times that of all of the world’s publicly traded gold and silver equities.” Embry also said, “Irrespective of the back and forth in the gold market, in a covert fashion, the Western central banks have been acting much like they did back during the London Gold Pool in the 60s … the Western central banks can only get away with this for so long, before they are completely overrun.”
Here is what he had to say: “I’m focused on the better silver price, which sort of came out of left field. Thirty-eight times silver was recently beaten back on a minute by minute basis at the $28 level. Every time it went though $28 it was jammed back down. So for silver to breakout today and make a run towards $29 is significant, and very promising going forward.”
John Embry continues:
“$29 is the major breakout and I still believe silver will hit new all-time highs before the year is out. In the meantime, on a break above $29, with enthusiasm and volume, I think that signals the end of the short-term bear market we have been experiencing for the last 16 months. That means the bear phase will have ended and a new bull move will now begin.
The gold market is also extremely interesting….