Turk, Embry, Sinclair comment on gold and silver action

Section:

2:16p ET Tuesday, December 42012

Dear Friend of GATA and Gold:

Interviewed today by King World News, GoldMoney founder and GATA consultant James Turk gives a rationale for governments and their agents to be pounding the monetary metals today.

Turk says: "The reason they are attempting to make gold and silver look weak here is because these monetary metals will provide the foundation when the monetary system is eventually re-constructed, and the price of gold and silver will be far higher than the numbers they are painting the tape with today. But before that day comes, they need to shake as many people out of these markets as possible so they are victims of the greatest wealth transfer in history, not beneficiaries."

An excerpt from Turk's interview is posted at the King World News blog here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/12/4_Tu...

Also interviewed by King World News today, Sprott Asset Management's John Embry has similar observations: "How many times in the last 15 years have I seen the type of action we witnessed last week? You can set your watch by this type of action. We had big open interest and then they attack it. So down gold and silver go as they clean out the weak hands. The metals will rebuild themselves, and one of these times it won't happen that way. The physical market will overpower these paper players. It didn't happen this time, but at some point it will."

Embry's interview is posted at the King World News blog here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/12/3_He...

And Jim Sinclair brushes off today's market action as a lot of propaganda:

http://www.jsmineset.com/2012/12/04/the-answers-to-todays-most-common-qu...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.



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Opinion Around the World Is Changing
in Favor of Gold -- Find Out Why

When Deutschebank calls gold "good money" and paper "bad money". ...

http://www.gata.org/node/11765

When the president of the German central bank, the Bundesbank, pays tribute to gold as "a timeless classic". ...

http://www.forbes.com/sites/ralphbenko/2012/09/24/signs-of-the-gold-stan...

When a leading member of the policy committee of the People's Bank of China calls the gold standard "an excellent monetary system". ...

http://www.forbes.com/sites/ralphbenko/2012/10/01/signs-of-the-gold-stan...

When a CNN reporter writes in The China Post that the "gold commission" plank in the 2012 Republican platform will "reverberate around the world". ...

http://www.thegoldstandardnow.org/key-blogs/1563-china-post-the-gop-gold...

When the Subcommittee on Domestic Monetary Policy of the U.S. House of Representatives twice called on economist, historian, and gold standard advocate Lewis E. Lehrman to testify. ...

World opinion is changing in favor of gold.

How can you learn why and what it will mean to you?

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