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Sinclair interviewed on bail-ins, gold market rigging, and a lot more
2:20p ET Thursday, November 21, 2013
Dear Friend of GATA and Gold:
Sprott Money News' Nathan McDonald has done an excellent and wide-ranging interview with gold advocate and mining entrepreneur Jim Sinclair, covering the probability of the expropriation of depositors at insolvent banks, the chance of hyperinflation, and gold market manipulation. About the latter, Sinclair says:
"It's so easy to manipulate gold right now. If you've got the courage and a few dollars behind you, you can enter into the marketplace and offer multiple years of production for sale. If you do that in a period of illiquidity, as you've noticed, right before the first session of the Comex, generally around 8 in the morning U.S. time, or in Asia overnight, when you see those straight lines down, that's because some huge offer has been made when there are no bids in the marketplace indicative of wanting to take it. Therefore it really wasn't because of liquidation; it was because of manipulation. That will go on as long as paper gold goes on."
Sinclair says a lot more on that topic and others, and audio and a transcript can be found at the Sprott Money News Internet site here:
http://www.sprottmoney.com/news/ask-the-expert-jim-sinclair-november-2013
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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