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Craig Hemke at Sprott Money: Gold price manipulation in 2019

Section: Daily Dispatches

6:05p ET Tuesday, December 17, 2019

Dear Friend of GATA and Gold:

Gold market manipulation increased this year, as measured by the volume of futures contracts pending on the New York Commodities Exchange, the TF Metals Report's Craig Hemke writes today for Sprott Money. While the U.S. Justice Department's prosecution of gold futures traders for "spoofing" the market is encouraging, Hemke writes, the futures market still consists largely of speculators who don't intend to take delivery of metal and bullion banks that sell without having metal to deliver. As long as these circumstances continue, Hemke writes, gold's ascent will be powerfully resisted. Hemke's analysis is headlined "Gold Price Manipulation in 2019" and it's posted at Sprott Money here:

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.


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