Hemke ready for gold rally as Reik sees central bank support

Section:

10:47p ET Tuesday, April 30, 2019

Dear Friend of GATA and Gold:

Craig Hemke of the TF Metals Report, writing at Sprott Money, explains why he thinks the latest "washing and rinsing" of monetary metals speculators by the bullion banks is through and a rally in the metals is imminent:

https://www.sprottmoney.com/Blog/ahead-of-the-fed-craig-hemke-30-042019....

Meanwhile, writing at King World News, Sprott USA senior portfolio manager Trey Reik notes the remarkable purchase of gold by the usually gold-hating Indian government, speculating that it signals resentment of the U.S. government's attempting to dictate how India conducts its foreign trade. Hastening accumulation of gold by central banks will keep supporting the price, Reik writes. His commentary is posted at KWN here:

https://kingworldnews.com/trey-reik-pressure-building-for-gold-to-break-...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org



ADVERTISEMENT

Buy, Sell, or Store Precious Metals with Money Metals

Money Metals Exchange, a national bullion dealer recently voted "Best in the USA" by a worldwide ratings group --

https://www.moneymetals.com/news/2015/02/03/worldwide-ratings-organizati...

-- is a great low-cost source for precious metals coins, rounds, and bars. Money Metals also pays handsomely when you wish to sell your precious metals.

Shop online with Money Metals Exchange here --

https://www.moneymetals.com/buy

-- or by calling 1-800-800-1865.

Meanwhile, the Money Metals Depository --

https://www.moneymetals.com/depository



Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16