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Hemke ready for gold rally as Reik sees central bank support
10:47p ET Tuesday, April 30, 2019
Dear Friend of GATA and Gold:
Craig Hemke of the TF Metals Report, writing at Sprott Money, explains why he thinks the latest "washing and rinsing" of monetary metals speculators by the bullion banks is through and a rally in the metals is imminent:
https://www.sprottmoney.com/Blog/ahead-of-the-fed-craig-hemke-30-042019....
Meanwhile, writing at King World News, Sprott USA senior portfolio manager Trey Reik notes the remarkable purchase of gold by the usually gold-hating Indian government, speculating that it signals resentment of the U.S. government's attempting to dictate how India conducts its foreign trade. Hastening accumulation of gold by central banks will keep supporting the price, Reik writes. His commentary is posted at KWN here:
https://kingworldnews.com/trey-reik-pressure-building-for-gold-to-break-...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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