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Sprott applauds GATA for pressing currency comptroller about EFPs
10:40a ET Saturday, June 29, 2018
Dear Friend of GATA and Gold:
Mining entrepreneur Eric Sprott, in his weekly interview with the TF Metals Report's Craig Hemke for Sprott Money News, praises GATA for pressing the U.S. Treasury Department's comptroller of the currency for an explanation of the explosive use by bullion banks of the emergency "exchange for physicals" procedure for settling Comex gold and silver futures contracts.
-- Condemns the bullion banks for manipulating the gold and silver futures markets to destroy the value of the options they had sold to their own customers.
... Dispatch continues below ...
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-- Says it seems unlikely that the Comex has much if any gold available for delivery.
-- Notes that governments increasingly are exchanging currencies for physical gold, considering the monetary metal a better store of value.
-- And muses on the monetary metals mining industry's failure to complain about market manipulation.
The interview is 11 minutes long and can be heard at Sprott Money here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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