With gold at $1,780, silver solidly above $35 and oil above $108, today King World News interviewed John Embry, Chief Investment Strategist of the $10 billion strong Sprott Asset Management. Embry went into detail about where he sees gold, silver and oil headed next, but first he had this to say: “The Greeks can now lose their gold because of a default. It’s appalling what they are trying to jam down the Greek public’s throat. This deal is ludicrous and this thing has as much chance of succeeding as I have of being on the moon next week. Therefore, the cartel will now have the Greek gold, it’s a travesty.”
John Embry continues:
“I guess I’m never satisfied with gold even though it’s up over $60 this week. I think gold should be up a whole lot more than $60. I thought it would take a Greek settlement to get gold moving because as long as it looked like Greece might fall apart they were suppressing the price like mad. So the suppression is still going on, but now it’s being overpowered by the strength of demand.
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