Bill Murphy tells Silver Doctors that if silver takes out $21, it means a total lack of this maniacal control the cartel is trying to keep on the market...Bill Murphy of the Gold Anti-Trust Action Committee (GATA) interviewed by Silver Doctors
Murphy explains that the Gold Cartel manages the price by washing out the speculators.
If gold breaks through $1,380 and silver through $21, the cartel may lose control.
Murphy says, "If silver can break through the $21 area, it's going to mean a total lack of this maniacal control this Gold Cartel is trying to keep on the silver market. And once they lose this control, I think we could see some upside action somewhat similar to what we saw in the cryptocurrencies."
Some of the mining stocks as well could have returns similar to the cryptocurrencies, Murphy says.
With gold up 11 days straight, Murphy sees the potential for a short term correction, but stay tuned for cryptocurrency style upsides he says.
Listen to the interview in its entirety below: