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Butler, Macleod, and GATA lauded by Eric Sprott in weekly review with Craig Hemke
4:08p ET Friday, August 7, 2020
Dear Friend of GATA and Gold:
In his weekly review with the TF Metals Report's Craig Hemke at Sprott Money, mining entrepreneur Eric Sprott marvels at the recent explosion in gold and silver prices. He says that last week for the first time in history the bullion banks were covering their short positions in monetary metals futures contracts.
This short-covering, Sprott says, caused the recent price increases in gold and silver. For years only the bullion banks had been selling, Sprott says, and now, as physical demand begins to overtake derivative selling and the banks want to cover, there is no one else to take their place as sellers.
... Dispatch continues below ...
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Sprott compliments silver market analyst and market manipulation whistleblower Ted Butler and says he followed the advice of Butler's newsletter --
-- to buy out-of-the-money calls on the exchange-traded silver fund SLV.
Sprott also praises Butler, GATA, and GoldMoney research director Alasdair Macleod for understanding the manipulation engineered by the futures markets, and he quotes the conclusion of Macleod's most recent analysis for GoldMoney, which GATA publicized this week:
Sprott reiterates his enthusiasm for silver's prospects -- he foresees the gold-silver ratio returning to the historic level around 15 to 1 -- and discusses several mining companies in which he has invested.
The discussion is 25 minutes long and can be heard at Sprott Money here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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