My friend, Dan at Future Money Trends, just sent over this new video. I had to post it because you have to hear it.
The video is embedded below. It's an interview of Jay Taylor, who has been in the metals for over three decades and he currently writes his own newsletter, among other interests. Jay discusses gold manipulation and a few other things and it's all very helpful information.
The fun part begins at about the 4:00 mark. Here Jay states that:
"For example, somebody pointed out that when JP Morgan, which is by far the predominant player in the futures markets for gold and silver, that when JP Morgan, when they are taking delivery, or when they are delivering gold, when it’s a delivery month for them, you’ll see the gold price go down very dramatically. Probably so that they can go out and secure gold at lower prices."
Gee, I wonder who that "somebody" is?? He then goes on to add:
"And the point was made, I just saw here, an analyst was suggesting that in fact October should be the bottom here in the gold markets because of that dynamic with JP Morgan."
Isn't that fun? I had no idea that Jay was such an active reader of this site. Glad to have him as he's obviously a very smart guy!
Anyway...I think you'll enjoy the video.