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Turk notes weakening 'flash crashes'; Embry knocks Yellen's disinformation
5:57p ET Monday, July 21, 2014
Dear Friend of GATA and Gold:
"Flash crashes" in gold and silver, the attacks of market-rigging central planners, are having less effect, GoldMoney founder and GATA consultant James Turk tells King World News today. "With both gold and silver -- as well as the mining stocks -- being so undervalued," Turk says, "the central planners can't keep downward pressure on the precious metals for days or even weeks like they used to."
Turk's interview is excerpted at the KWN blog here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/7/21_Ja...
Meanwhile Sprott Asset Management's John Embry, also interviewed at KWN, disputes last week's statement to Congress by Federal Reserve Chairwoman Janet Yellen. "That is one of the most naive statements I've ever read," Embry says. "There is untruth in virtually every assumption. I think there is a much stronger probability that economic activity in the United States is already contracting. This means monetary policy is going to have to be aggressive rather than accommodative or the system is going to collapse."
Embry's interview is excerpted at KWN here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/7/21_Jo...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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