John Embry on Silver Prices

When I read this today, I really felt John Embry had summed up what needed to be said today. 

When asked about silver specifically Embry stated, “I’m actually deeply impressed that considering how firmly silver had moved up in the past year, followed by the violent correction off of $50 down to the low $30’s, now you’re just building a nice firm base for the next leg that will take it easily through $50.  I mean the weakness that we are going through as we speak, it’s not coincidental, there is an option expiry tomorrow in silver.”

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