GoldSeek Radio Nugget - Bill Murphy: Gold Market Volatility

Bill Murphy of Lemetropole Cafe and GATA.org, reviews his latest insights on the new record gold price.

- We discuss the new all-time record high, on the day gold reached $2,150!

"Saw it, watched a little more closely, saw it take off and then I saw the same thing. Honestly, I've seen [this] for 10 years. The same stuff – silver started a week in relative to gold. Silver got to $26, you've got something like a 40-cent premium of the March silver contract over on-the-spot contracts by silver got it, I think, to $26 and just started to go straight down.

Back when I was tailing off, at the end of the night, you had gold up 14 bucks and silver down three cents. And I said, this is what I've seen for year after year after year."

- Now that gold is hitting records, when will silver run?

Silver's at $24 and a half. Not $84 and a half. Gold is going back towards $2000. I'm the most bullish guy going. I've been wrong. What they did was they got all the buy stops out of the way and in your dramatic fashion last night in gold, took them all out, then crashed in the market.

Now that can turn around. Like you say it, I'm hoping that you're right. Nobody knows, you know, when you got gold at $2140 and the next thing you know, it's $2028.

Well, I would look at it a little bit differently. A sense that we just had one of the greatest, 75-yard passes in gold history, you know, this is the way they operate and they're doing anything they can, this gold cartel, to get away with things."

- The technical stars appear aligned for fireworks in 2024 for gold and silver.
- Potential for $2,500 gold and $30 silver in 2024.
- Are deep-pocketed investors worldwide taking large positions in the PMs sector in anticipation of explosive moves?

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