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Craig Hemke: Two inglorious anniversaries for gold and silver
5:25p ET Tuesday, May 7, 2019
Dear Friend of GATA and Gold:
Craig Hemke of the TF Metals Report, writing at Sprott Money, today recalls the anniversaries of the Bank of England's infamous gold sales of 1999 and what he calls the May Day Massacre of silver by JPMorganChase in 2011.
His point, Hemke writes, is "to remind you that in 2019 the bullion banks and their enablers at the CME Group, the U.S. Commodity Futures Trading Commission, and in London continue to seek to dominate and control price. However, as with the London Gold Pool of the 1960s --
https://en.wikipedia.org/wiki/London_Gold_Pool
-- this modern-day LBMA/Comex gold and silver pool will also reach a point of self-destruction."
Hemke's commentary is headlined "Two Inglorious Anniversaries" and it's posted at Sprott Money here:
https://www.sprottmoney.com/Blog/two-inglorious-anniversaries-craig-hemk...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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