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Yikes! Gold and silver market rigging gets acknowledged at PDAC

Section: Daily Dispatches

11:55p ET Wednesday, June 15, 2022

Dear Friend of GATA and Gold:

With the Prospectors and Developers Association of Canada resuming its annual convention in Toronto this week, First Majestic Silver CEO Keith Neumeyer tells Stansberry Research's Daniela Cambone that he sponsored a reception for silver mining executives and investors in part because he wanted them to discuss market manipulation and maybe even try to do something about it.

Neumeyer long has been the only major silver mining executive to acknowledge and protest the manipulation of the monetary metals markets.

... Dispatch continues below ...


First Majestic Produces Silver and Gold in the United States and Mexico

First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The company owns and operates the San Dimas silver and gold mine, the Jerritt Canyon gold mine, the Santa Elena silver and gold mine, and the La Encantada silver mine. In 2022 these mines are projected to produce between 32.2 to 35.8 million ounces of silver equivalent with an all-in sustaining cost of $16.79 to $18.06 per payable silver-equivalent ounce.

For more information about the company, visit:

The company offers a portion of its silver production for sale to the public. Bars, ingots, coins, and medallions are available for purchase online at First Majestic's bullion store at some of the lowest possible premiums:

But, amazingly, a few minutes later Cambone herself remarks that people in the mining business seem increasingly willing to acknowledge the possibility of gold and silver market manipulation.

Of course it has been only 23 years since GATA began trying to get the dunderheads and their hapless shareholders to look at the overwhelming proof that gold and silver price suppression is longstanding government policy --

-- and to protest it to their governments and financial news organizations.

You'll know that the mining industry is getting serious about defending itself and serving its shareholders when GATA at last is invited to make a presentation at a PDAC conference. That will be when PDAC figures that letting gold and silver investors know what they are up against is more important than pumping and dumping the shares of companies whose products government is determined to devalue, and that will truly be the day. 

Cambone's discussion with Neumeyer is nine minutes long and can be viewed at YouTube here:

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

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