by Dominique de Kevelioc de Bailleul
As early as 10 days, the gold price will suddenly explode to the upside, according to one of Europe’s elite. Moreover, the European tycoon also explained why the silver price soared approximately 150 percent to nearly $50 within an eight-month period of Sept. 2010 and Apr. 2011.
Speaking with SGTreport host Brandon Smith, Chairman Bill Murphy of Gold Anti-Trust Action Committee (GATA) said a longtime British “contact” told him that the month of August will usher in an event which will shock traders into buying the gold and silver bullion market aggressively again.
“The fellow I spoke with I’ve known for years, one of the wealthier men in all of Europe,” said Murphy. “He’s got a lot of connections . . . It will be tough for the gold and silver markets [during the month of July], but starting in August they would start to ‘go nuts’, and they would ‘stay nuts’ for a long time. . . Big, big moves are coming, starting in August.”