You are here

At KWN, Turk marvels at silver's blastoff -- investors are remonetizing it

Section: Daily Dispatches

9:57p ET Tuesday, July 21, 2020

Dear Friend of GATA and Gold:

At King World News tonight, GoldMoney founder and GATA consultant James Turk marvels at silver's blastoff today, which seems to be continuing tonight.

Turk says: "Every time there is a dip in the price of silver, some large entities are there to buy the dip. You can sense the panic by the shorts who are attempting to cover but are being met by a tidal wave of buying by the momentum players. These momentum players are new to the market. Meaning, this is fresh buying from new money that is now entering the silver market."

This morning the Financial Times, Kitco, and other news organizations attributed silver's explosion to reviving industrial demand and expectations of big government green-energy projects. This seems doubtful amid sharply declining production around the world.

Who needs energy when there's nothing to do with it and oil and natural gas are so cheap?

A more likely explanation for silver's price action is the collapse of the fractional-reserve gold and silver banking system as demand for physical metal soars and derivative positions blow up exponentially.

That is, silver is being remonetized by investors.

Turk's comments are posted at KWN here:

https://kingworldnews.com/short-squeeze-in-silver-continues-as-price-spi...

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



ADVERTISEMENT

Buy, Sell, or Store Precious Metals with Money Metals Exchange

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, Money Metals Depository will store your precious metals in a segregated account at low cost:

https://www.moneymetals.com/depository


Toast to a free gold market
with great GATA-label wine

Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.

Here's what the bottles look like:

http://www.gata.org/files/GATA-4-wine-bottles.jpg

Buyers can compose their case by choosing as many as four varietals from the list here:

http://www.gata.org/files/FayJWineryVarietals.jpg

GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?

To order a case of GATA-label wine, please e-mail Fay J Winery at bagman1236@aol.com.

* * *

Support GATA by purchasing
Stuart Englert's "Rigged"

"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --

https://www.amazon.com/Rigged-Exposing-Largest-Financial-History/dp/1651...

-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.

* * *

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