You are here

Eric Sprott reflects on a difficult year for monetary metals; Maguire sees 'Basel 3' kicking in

Section: Daily Dispatches

9:30p ET Friday, December 10, 2021

Dear Friend of GATA and Gold:

Mining entrepreneur Eric Sprott this week spent 45 minutes with Craig Hemke for Sprott Money News, discussing the counterintuitive performance of the gold and silver markets this year amid the determination of the banking industry to keep monetary metals prices down.

But even so, Sprott added, some gold and silver mining companies have offered good opportunities, and he said he is confident that price suppression will be overcome. He praised GATA's persistence in adversity and discussed a few companies in which he is invested.

The interview can be heard at YouTube here:

https://www.youtube.com/watch?v=9GDhEy-767c

Interviewed this week for Kinesis Money, London metals trader Andrew Maguire said that bank trading in gold and silver seems to be anticipating implementation of the "Basel III" regulations in London at the beginning of the year, when shorting of the market with derivatives should be restricted.

Maguire's interview is 40 minutes long and can be heard at YouTube here:

https://www.youtube.com/watch?v=Y0l7dNC5lq8

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org


... ADVERTISEMENT ...

USA Gold: Coins and Bullion Since 1973

USAGold, well known for its Internet site, USAGold.com, offers contemporary bullion coins and bullion-related historic gold coins for delivery to private investors in the United States, Europe, Canada, Australia, and New Zealand. It is one of the oldest and most respected names in the gold industry, with thousands of clients and an approach to investment that emphasizes guidance and individual needs over high-pressure sales tactics. The firm's zero-complaint record at the Better Business Bureau makes it an ideal match for the conservative, long-term investor looking for a reliable contact in the gold business.

Please call 1-800-869-5115x100 and ask for the trading desk, or visit:

http://www.USAGold.com

USAGold: Great prices, quick delivery -- all the time.


Toast to a free gold market
with great GATA-label wine

Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.

Here's what the bottles look like:

http://www.gata.org/files/GATA-4-wine-bottles.jpg

Buyers can compose their case by choosing as many as four varietals from the list here:

http://www.gata.org/files/FayJWineryVarietals.jpg

GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?

To order a case of GATA-label wine, please e-mail Fay J Winery at bagman1236@aol.com.

* * *

Support GATA by purchasing
Stuart Englert's "Rigged"

"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --

https://tinyurl.com/3xt6uw66

-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16