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Sprott doubts 'spot' prices are real, praises GATA, Maguire
12:29a ET Sunday, July 19, 2020
Dear Friend of GATA and Gold:
In his weekly interview with Craig Hemke for Sprott Money News, mining entrepreneur Eric Sprott notes the greatly increasing demand for physical gold and silver on the New York Commodities Exchange.
Sprott says "spot" prices for the monetary metals are unreal, insofar as no metal seems to be available at those prices. He also discloses that a mining company in which he is invested, Jerritt Canyon Gold, is going to start holding some of its cash in real metal, and he wishes that other mining companies would do the same, recognizing the continuing manipulation of the monetary metals markets.
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Sprott also compliments the work done by GATA and London metals trader Andrew Maguire, who soon will be interviewed by Sprott Money News.
The interview is 25 minutes long and can be heard at You Tube here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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