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It's metal fundamentals vs. open interest again, Embry tells KWN
11:25a ET Monday, May 18, 2015
Dear Friend of GATA and Gold:
Fundamentals for gold and silver again are bumping up against huge open interest in the futures market, Sprott Asset Management's John Embry today tells King World News, cautioning that such circumstances usually end in a smash down. Embry adds that disinformation is deluging the markets, a sign of the growing desperation of the central planners. An excerpt from the interview is posted at the KWN blog here:
http://kingworldnews.com/50-year-veteran-on-ray-dalio-the-shocking-state...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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