With continued uncertainty in global markets, today John Embry told King World News that a catastrophic endgame is rapidly approaching.

John Embry:  “Eric, in my vacation enforced absence, the pressure on the gold and silver markets has certainly intensified, as the usual suspects move Heaven and Earth to ensure that sharply rising gold and silver prices don’t undermine the fake reality created by the Western central banks and their almost manic manipulation of the larger markets — stocks, bonds, currencies, real estate, etc…

John Embry continues:  “These markets have become historically misplaced  and as a result are very vulnerable if anything goes amiss in the central bankers’ massive Ponzi scheme.

The Most Underpriced Asset On The Planet
We now have silver open interest on the Comex at an all-time high, while the price of silver is several dollars lower than the last time this level of open interest was reached.  Think about it, Eric, silver is unquestionably the most underpriced real asset on the planet, and yet there is a cumulative short interest on the Comex representing considerably more than one billion ounces, which is materially more than one year’s mine production.

And unlike gold, a significant proportion of silver mine production is consumed annually in growing industrial use.  Thus, the only reason any parties would be short his amount of silver at these price levels is for manipulative purposes.  If silver were to suddenly reflect its true value, which I believe is closer to $100 per ounce, the price of gold would also explode upwards and these ludicrously low interest rates, which have been created to keep a seriously over-indebted global financial system afloat, would be revealed as totally bogus.  The implications of this would be catastrophic.  The bond markets would virtually collapse, a lot of seriously overpriced stocks would be re-priced sharply lower, real estate would be under siege as well as many of the world’s economies.  The impact of these developments on pension funds, banks, insurance companies, etc, would be devastating.  Thus, the powers that be will go to great lengths to suppress gold and silver prices until the very end of this saga.  Unfortunately for society as a whole, I think the end is rapidly approaching……more here