This week we want to bring your attention to
an interview on USA Watchdog
See:
http://goo.gl/2Il1ep
This interview went into several areas but
specifically that the U.S. dollar "strength" is
to be expected prior to the BIG run to gold.
This theme is extremely important and because it
means so much it was also discussed on the
Butler on Business interview. This interview has
been transcribed below so you can get a visual
on just what to expect as investments move down
into safer and safer categories.
Butler on Business interview transcribe:
David Morgan follows up on the precious
metals.
Interviewed by Butler On Business September 2014
Alan: Silver has been under pressure. We
saw a little bit of a pop when Mario Draghi did
his thing last week. This is an environment
where precious metals should be off to the races
and yet it's been down for gold... they are taking
gold out to the woodshed.
David: As far as I'm concerned, and this
is not about being right, or being stubborn,
this is about my analysis, right or wrong. I
really think this is the month where we are
going to turn around, meaning that the bottoms
for both metals could be tested. Silver broke
below the $18.17 low that I have been talking
about for a long time. The next level of support
is the $17.50 area.
Coming back to finding the bottom-At times the
powers that be will do their best to find it. So
for example when the bullion banks want to
determine where the bottom is, just like back in
the Rothschild days - read Jesse Livermore's
book or do some market studies and verify this,
you don't have to take my word for it. You will
sell into whatever you want to buy. In other
words, you may want to do some short covering in
the silver market, the silver market open
interest being quite large right now. Which
means all the bets - silver going lower are
open.
And so right now, the bottom I think is being
sold into, in order to pressure it down, to see
how much it can take, how much it can be forced
lower. When it can't be forced down any more -
and that point will be reached- then the open
interest will decline and the short positions
closed.
Again we've already seen it once, at the $18.17
level, we got that huge inter day turnaround,
which is known as a Key Reversal! You'll see
that the smart money, the boys that really run
this thing, will start to cover. But once they
start to cover, they know that the momentum
changes. The momentum changes from going down to
going up. And I really think, Alan that we are
going to see that happen this month. Then will
the price jump significantly? Probably not.
Significant enough in that we'll see silver at
the end of October at perhaps $20 or so, maybe
something like that. Percentage-wise from
current levels it will be significant.
Whether I am correct - or not- no one knows with
absolute certainty,-the question is how much
more downside pressure can the market take
before there aren't any more people to sell to
at these prices? We'll just have to wait and
see.
Read rest of article here...
http://goo.gl/U42m5u
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