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Craig Hemke at Sprott Money: The endless war on gold and silver
3:56p ET Wednesday, December 19, 2018
Dear Friend of GATA and Gold:
The bullion banks trading the gold and silver futures markets, the TF Metal Report's Craig Hemke writes today at Sprott Money, have just let the managed money funds off easy in covering their short positions in the monetary metals so the short covering would not boost prices much. The banks, Hemke writes, could have squeezed the shorts much more violently and made a lot more money.
This, Hemke writes, is more evidence that the bullion banks are not and never will be on the side of gold and silver investors and rising metal prices.
This also might be evidence that the bullion banks are not really trading for their own accounts but for the U.S. government and other governments, whose objective is not to make money by trading, since they make money by printing and keyboarding it, but to protect the desirability of the money they create by hobbling its potential competitors.
Hemke's analysis is headlined "The Endless War on Gold and Silver" and it's posted at Sprott Money here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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