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Lousy week for monetary metals prompts Sprott to quote GATA secretary
9p ET Friday, September 25, 2020
Dear Friend of GATA and Gold:
Beginning his review of a lousy week for the monetary monetary metals with Craig Hemke for Sprott Money, mining entrepreneur Eric Sprott quotes your secretary/treasurer's observation at GATA's Washington conference in 2008: "There are no markets anymore, just interventions." (See: http://gata.org/node/6242.)
Sprott says he is "very suspicious of all that's taking place in the markets" these days, prompting Hemke to note the reports this week that JPMorganChase is preparing to pay a billion-dollar fine for manipulating the monetary metals markets.
... Dispatch continues below ...
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Sprott replies that Morgan has been doing far worse than the "spoofing" that its traders have confessed to.
On another matter, Sprott says that the coronavirus over which national economies are being curtailed is not as dangerous as it is being made out to me. He asks: What are the damages resulting from inducing an economic depression?
Nevertheless, Sprott says, he is expecting good earnings reports and dividend increases from monetary metals mining companies.
He concludes by discussing the prospects for several companies in which he has an interest.
The interview is 19 minutes long and can be heard at Sprott Money here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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