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Message: jim willie interview

jim willie interview

posted on Oct 10, 2009 12:42PM

there were important interviews at king world news this week. sean boyd of agnico eagle said they are withholding their silver from the market because they don't like the market price, i.e. they will not sell silver at these levels. ted butler thinks the cftc will do something in the next month, even if it is only to offer an explanation of why they will not lower position limit.

but most important of all, jim willie gave a clear and lucid explanation of the dollar carry trade, why bernanke's exit strategy is phony, and why we will see continued dollar weakness. in addition, we are now financing the deficit with short term debt, just like banana republics, because no one but the fed will buy long term treasuries. and the comex is scrambling to find physical silver bullion, visiting mines around the world, looking for supply, so they may be close to hitting the wall.

http://www.kingworldnews.com/kingworldnews/Broadcast_Gold+/Broadcast_Gold+.html

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