Bill Murphy: $50 Silver Before The End Of The Year

Bill Murphy, the Chairman of GATA (Gold Anti-Trust Action Committee) have a recent interview with Capital Account. During the interview, Bill said silver is going to explode, if it is not September, then it will be in October. He added that silver is in big shortage, “If you want to get it in size. For example if you want to get it in 5, 10, or 15 million worth of silver, you can’t get it for weeks, or for months! And if you finally do get your silver, it will be current minted silver bar, means the silver has not been around.

Bill explained further, “As the people realize the shortage, that is happening now, JP Morgan will be went after for their short position, that is when the price of silver has gone from $26-$27 to now $32. Silver will be going to $50 by the end of the year.

When being asked, is the suppression scheme over?

Bill answered “JP Morgan has big problem with what happened and what they have done. It is going to be more difficult for them to keep doing what they have been doing. In addition they are running out of physical supply. I would look for price of silver to explode in not too distance of the future.”

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