Bill Murphy, in a gold and silver-focused interview with Hard Assets Investor:

Basically what happens is J.P. Morgan goes to a central bank and borrows gold, leases it at, say, a 1% interest rate. Then they take the physical gold and they dump it into the marketplace, which adds to the supply. That supply helps to meet demand; without that supply, demand would overpower the dwindling stuff coming out of mines and scrap supply.

Gold has gone up nine years in a row. It's way up this year. Now they're in what we call a "managed retreat," because they can only stop the excitement so much, and they're just trying to manage it. They don't want it to get out of control. But it's coming, and it's so strong that they're in deep, deep trouble.

Read full article...

More on gold:

What you need to know about storing physical gold

The No. 1 reason gold could enter mania phase soon

This group of people could push gold to $2,000 an ounce this year

One of the most explosive assets in the world is starting a new uptrend