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Sprott says central banks smashed gold in April to liquidate GLD's metal
3:30p CT Wednesday, November 13, 2013
Dear Friend of GATA and Gold (and Silver):
GoldSeek and SilverSeek President Peter Spina today interviews Sprott Asset Management CEO Eric Sprott about the dichotomy between the physical and paper gold and silver markets. Sprott expects delivery problems to explode the paper markets soon. He also speculates that Western central banks, running out of gold for market manipulation, orchestrated the smash in the gold price in April to induce liquidation of gold from the exchange-traded fund GLD. That gold having been liquidated, Sprott says, "It's not going to happen again." He also speculates that those central banks pressured the Indian government into terminating gold imports. The interview is 29 minutes long and can be heard at SilverSeek here:
http://www.silverseek.com/commentary/eric-sprott-silver-silver-stocks-wi...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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How to profit with silver --
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