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Market rigging is getting old and will fail eventually, GATA's Steer says
12:38p ET Friday, February 16, 2018
Dear Friend of GATA and Gold:
GATA board member Ed Steer, editor of Ed Steer's Gold and Silver Digest letter, was interviewed yesterday financial writer Dennis Miller and argued that manipulation of the monetary metals markets should not automatically deter investors.
"All price-management schemes come to an end sooner or later," Steer said, "either by the law of supply and demand or those who are managing the prices voluntarily back away from being the short sellers of first and last resort in the COMEX futures market.
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"This market management has been going on for a couple of generations and is getting very long in the tooth, as it is now common knowledge that precious metal prices are being actively suppressed. It is certainly widely known in the precious metal arena, both by the producers themselves and the current crop of investors.
"Even nation states are wise to it all, as Russia and China have known about this for over a decade now and have been increasing their gold and now silver reserves at a blistering pace. If they’re doing it, so should you."
Steer's interview with Miller is posted at the Miller on the Money internet site here:
https://milleronthemoney.com/precious-metals-shine/
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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