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Eric Sprott: Central banks pounded gold because they're running out
11:15a ET Thursday, July 18, 2013
Dear Friend of GATA and Gold:
Sprott Asset Management Eric Sprott's new letter compiles the evidence that the recent pounding of the gold market was engineered by desperate central banks that are running out of the monetary metal. Sprott writes: "We believe that central planners are now running out of options to suppress the gold price. After taking a pause, the secular gold bull market is set to continue." His commentary is headlined "Do Western Central Banks Have Any Gold Left? -- Part III" and it's posted at the Sprott Internet site here:
http://sprott.com/markets-at-a-glance/do-western-central-banks-have-any-...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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