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Bill Murphy on Gold, Silver: ‘We Could See a 100% Increase in 90 Days!’

from Silver Doctors:

GATA’s Bill Murphy whose London source last month predicted that ‘gold and silver will go nuts in August‘ stated Sunday that JP Morgan still is having a massive problem with their naked short silver position, and that last week saw such a heavy covering of shorts in Chicago and New York that an imminent explosion in the price of gold and silvercould see a 100% increase in 90 days!‘.

Is the long-awaited next stage of the gold and silver bull markets and a massive short-squeeze finally at hand?  Bill Murphy believes so.

From Bill Murphy:

I have spoken before about my contact on the Board of Trade who trades mainly the metals and is in touch with New York minute by minute. He has been saying for several weeks that the metals would have one more big drop (1525-1550) before they really took off. Today he changed his mind. They saw heavy covering of shorts in Chicago and New York. This should show in next week’s COT. They see an explosion of huge proportions and are adding four more floor traders as they see August as a record month for them. He closed by saying “We could see a 100% increase in 90 days.”

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8 comments to Bill Murphy on Gold, Silver: ‘We Could See a 100% Increase in 90 Days!’

  • oic

    Murphy is unreliable, he’s prone to exaggerate ALOT

  • stuart

    It would be nice, but not holding breath. Im buying either a 10oz kookaburra or koala on wednesday.

  • Mouse

    I don’t listen to Bill Murphy anymore since he offered a dumb bet to Jeff Christian in order to “prove” Andrew Maguire was real. Some people talk way too much for what little they know.

  • harley hooch

    I STARTED BUYING MORE DIMES THAN ANYTHING ELSE. I THINK IN BARTER THEY WILL WORK BETTER. WHEN I WAS 16 A SILVER DIME WOULD ALMOST BUY A GALLON OF GAS AND TODAY THE DIMES SELL FER $ 2.42 TO $ 3.00 EACH. IF THIS DOES NOT TELL YOU SOMETHING ABOUT REAL MONEY THEN GO BACK TO BED AND GET UP AGAIN.
    WE NEED TO START A MOVEMENT AND GIVE IT A GREAT NAME TO LET THE ELITES KNOW WE ARE COMING AFTER THEM. WE NEED TO SCARE THE HELL OUT OF THEM AND KEEP THEM SCARED AND LOOKING BEHIND THEM.
    I WOULD LIKE TO GET A MILLION HARLEYS TO GO TO DC AND CIRCLE THE WHITEHOUSE FOR DAYS RACKING OFF THE PIPES. THIS IS A MUST DO. I AM READY TO ROLL.

  • Nathan

    Guys, Bill Murphy was fighting the cartel before you’d ever heard of gold and silver.

    Murphy was proven right on Andrew Maguire.

    Murphy consistently says, “I’m hugely bullish on silver, I think it will hit $100 an oz”. That’s the most ridiculously underwhelming silver prediction on the market, the opposite of exaggeration.

    Ignore his sources at your peril.

  • Choo Hader

    I’m with you Harley. We need to spread the HONEST REAL MONEY MOVEMENT and we need to make these cocksuckers scared to death, looking over their shoulders like they are in the Witness Protection Program.

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