Turk sees dollar collapse; Embry relieved that at least JPM isn't manipulating silver


11:10a HKT Tuesday, October 1, 2013

Dear Friend of GATA and Gold:

Interviewed at King World News, GoldMoney founder and GATA consultant James Turk says that for months now the U.S. government has been using gimmicks to get around the government debt ceiling, and regardless of what happens with the government shutdown in Washington, excessive debt will collapse the U.S. dollar:


Meanwhile at King World News, Sprott Asset Management's John Embry says the counterintuitive action in the monetary metals amid political turmoil is simply desperate intervention by government to support the dollar. Embry notes the many legal actions brought against JPMorganChase for market improprieties and expresses sarcastic relief that the U.S. Commodity Futures Trading Commission apparently has determined that silver is the one market that JPMorganChase isn't manipulating:


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


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