What does Bill Murphy know?
posted on
May 14, 2010 05:52PM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
I think he must know charges are going to be made against JPM for manipulating the silver market. Bill's comments in MIDAS tonight.
"Kitco Daily Gold Brief - - Silver Price Manipulation Claim is Bogus - Kitco News, May 14 2010 12:43PM http://www.kitco.com/Exclusive-News/
Dorks Nadler and Christian must have got their jollies going by planning an inane one two punch at GATA.
On that note, I would like to thank GATA’s good friend Peter Grandich for aggressively supporting GATA in so many ways and having some fun with the likes of Nadler the Nitwit. Myself and the GATA gang are most appreciative.
Have a bone for you Peter,
Nadler the Nitwit and talkaholic Christian have a surprise coming next week … which will make them look foolish.
Bill M"
And on precious metal stocks
"As for the price action in gold and silver, today is the second trading day in the last 6 that we've had a disconnect between the action in the stock futures and gold/silver. This is extraordinarily significant. Historically during this bull market in metals, when I would wake up to see the SPX, Dow and oil futures all getting hammered, I would have expected to see gold down $20 and silver down 50 cents. But not today and not last Thursday. The world is finally starting to understand the true nature of real currency vs. fiat paper and this view is being expressed in today's price action (and last Thursday's). As this disconnect becomes more frequent, look out above for the metals. And on a gold/XAU or HUI ratio basis, the mining stocks have room to at least double vs. gold here.
If the dollar starts to rollover, we are going to see a very violent and extended move higher in gold, silver and the mining stocks that make believers out of all but the very worst charlatans on CNBC and Bloomberg. And the junior mining stocks will rip off 300-1000% gains. Got gold? Orwell is laughing uncontrollably now. "