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Gold and silver got smashed down today. In his whole career, former commodities trader Bill Murphy has never seen any market trade like silver is trading right now.
The only way to have honest price discovery in the silver market is for physical demand to overwhelm the manipulation, Murphy says.
Silver manipulation, along with gold manipulation, when exposed will be “the biggest financial scandal in U.S. history.”
The U.S. added 200,000 jobs in January, but the markets show fear of higher interest rates to come. The Dow fell more than 650 points today, ending the week down 1000 points.
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