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Fed props up stocks but metals are staying strong, Embry tells KWN
4:30p ET Tuesday, June 14, 2016
Dear Friend of GATA and Gold:
Sprott Asset Management's John Embry tells King World News today that the Federal Reserve and its agents are striving to prop up the stock market even as indications of recession are increasing. Embry adds that gold and silver are showing strength against the usual efforts at price suppression and that the defeat of the price-suppression scheme is growing closer. An excerpt from the interview is posted at KWN here:
http://kingworldnews.com/50-year-veteran-says-the-future-is-frightening-...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
A Contrarian's Call Option on Gold
Sandspring Resources' Toroparu project in Guyana is the fourth-largest gold deposit in South America held by a junior mining company.
Experienced backers of Sandspring Resources include Silver Wheaton, the John Adams / Energy Fuels group in Denver, and Frank Giustra's Fiore Group in Vancouver.
A 2013 preliminary feasibility study shows strong economics for this large-scale mine at US$1,400 gold. With a current gold price below US$1,300, Sandspring is for investors who believe that gold price suppression will be overcome.
For a detailed report on Sandspring Resources by Tommy Humphreys of CEO.CA, please visit:
https://ceo.ca/@tommy/a-ten-million-ounce-call-option-on-gold
Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:
https://jeffersoncompanies.com/landing/2014-av-powell
Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:
http://www.goldrush21.com/order.html
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
http://gata.org/node/wallstreetjournal
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