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Sprott's Embry, MineWeb's Williams criticize Casey's claim to omniscience
2:18p ET Monday, July 14, 2014
Dear Friend and GATA and Gold:
Sprott Asset Management's John Embry and MineWeb's Lawrence Williams today criticize Casey Research founder Doug Casey's assertion last week that complaints of gold price suppression are "ridiculous."
"I take that as a personal affront," Embry says in an interview with King World News. "I've been around markets on a day-to-day basis longer than he has, and I can guarantee you I can identify a market that is being manipulated. And both the gold and silver markets are classic examples of manipulated markets."
Embry's comments are excerpted at the KWN blog here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/7/14_Em...
Williams writes that Casey's disparagement comes "despite GATA's evidence to the contrary suggesting that some central banks may indeed be supporting some form of suppression, at least from time to time, to protect currencies."
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Williams' commentary is headlined "Are We Due for Another Massive Gold and Silver Price Smash?" and it's posted at MineWeb here:
http://www.mineweb.com/mineweb/content/en/mineweb-gold-analysis?oid=2473...
GATA has given Casey, in person and by e-mail, much of the official documentation of gold price suppression that is compiled in our archive here --
http://www.gata.org/taxonomy/term/21
-- but as far as we can tell, he has never looked at, responded to, or disputed any of it. He would not be alone in this respect, since many pundits consider themselves omniscient and figure that if they don't already know something, it can't be happening.
This supposed omniscience may be of great comfort to those who are engineering all sorts of stuff that is happening but would be a lot harder to engineer if more people knew about it.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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