Craig Hemke at Sprott Money: Infinite unbacked paper in futures market continues gold price suppression
Submitted by cpowell on 03:44PM ET Wednesday, October 2, 2019. Section: Daily Dispatches
11:43a ET Wednesday, October 2, 2019
Dear Friend of GATA and Gold:
Craig Hemke of the TF Metals Report, in his weekly commentary for
Sprott Money, shows again today how last week's smashdown in gold
futures prices was entirely a matter of creation by bullion banks of as
much imaginary paper supply as necessary to panic the speculative longs
Meanwhile, Hemke writes, there was virtually no real metal in the
futures market vaults to back the paper claims being sold.
Hemke writes: "If you want to bury your head in the sand, ignore the
evidence and indictments, and claim that all you've just read is
nonsense and 'conspiracy theory,' knock yourself out. A wise man once
said, 'It's impossible to save someone who doesnt want to be saved.'
Indeed, all I can do is explain to you how these 'markets' actually
operate and remind you that the manipulation remains ongoing and
You can take it from there."
Hemke's analysis is headlined "Gold Price Manipulation Continues" and
it's posted at Sprott Money here: https://www.sprottmoney.com/Blog/bank-gold-price-manipulation-continues-craig-hemke-01-102019.html
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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