Overt smackdowns of gold as it persistently and repeatedly tests a 6-year resistance & support limit are becoming more obvious, more desperate, and eventually will be proven futile, according to veteran gold market watchdog Bill Murphy of the Gold Antitrust Action Committee (GATA.org.) Murphy returns to Reluctant Peppers to contend that we are witnessing the early stages of gold's breakout from a massive multi-year base, which once surpassed, will likely become the tipping point to support a powerful run-up.
Murphy also fields many viewer questions submitted ahead of this exclusive interview. Don't miss it!
Bill Murphy is a former American professional football player, financial commentator, and the chairman and director of the Gold Anti-Trust Action Committee (GATA), which was founded as a result of Murphy's essays on collusion among large financial institutions to suppress the price of precious metals. Murphy believes the price of gold is artificially low and has spent years lobbying the U.S. government to investigate market manipulation in the gold market. Earlier disregarded as a conspiracy theorist, his arguments were strengthened by a London precious metals trader who became a whistleblower and an American commodities trader, who inadvertently revealed that gold was leveraged 100 times physical.