Breaking: Historic Silver Panic in Progress, Says GATA Sources
by Dominique de Kevelioc de Bailleul
Sep 14, 2012
It’s finally here—the long-awaited run on silver supplies.
Speaking with Alternative Investors Hangout (AIH), GATA’s Bill Murphy tells investors, “Just pay attention, right now,” because the buying is so heavy in an unprecedentedly tight silver market, we “don’t know what will happen here; it’s historic.”
And investors should, indeed, pay attention to Murphy’s latest assessment of the silver market. In July, he said an unidentified European billionaire told him to expect the bull market in silver to resume in late August.
“The fellow I spoke with I’ve known for years, one of the wealthier men in all of Europe,” Murphy told SGTReport in late July [BER article]. “He’s got a lot of connections . . . It will be tough for the gold and silver markets [during the month of July], but starting in August they would start to ‘go nuts’, and they would ‘stay nuts’ for a long time. . . Big, big moves are coming, starting in August.”
After 15 months of a painfully long consolidation, the big move in the silver price began, just as Murphy’s source predicted. After briefly toughing the low $27 level, silver has soared more than $7 withing three weeks, a gain of approximately 27 percent, or an annual compound rate of 6,500 percent!
Reminiscent of Andrew Maguire’s demonstration to the CFTC of his intimate knowledge of JP Morgan’s nefarious activities in the silver space, Murphy believes his source is well-placed and able to leak accurate information to investors as it comes available. Hours after alerting media of Maguire’s meeting with the CFTC, Maguire and his girlfriend were attacked by a would-be assassin with a speeding automobile.
Moreover, the absence of King World News’ anonymous London trader has fueled speculation that Anonymous has moved on to Bill Murphy, who may also inherit DOS (denial of service) attacks following leaked information published by King world News.