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Craig Hemke at Sprott Money: Infinite unbacked paper in futures market continues gold price suppression
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 into selling. Meanwhile, Hemke writes, there was virtually no real metal in the futures market vaults to back the paper claims being sold.
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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 doesn’t 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 active. 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-...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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