Craig Hemke at Sprott Money: Infinite unbacked paper in futures market continues gold price suppression

Section:

11:43a ET Wednesday, October 2, 2019

Dear Friend of GATA and Gold:

Craig Hemke of the TF Metals Report, in his weekly commentary for Sprott Money, shows again today how last week's smashdown in gold futures prices was entirely a matter of creation by bullion banks of as much imaginary paper supply as necessary to panic the speculative longs into selling. Meanwhile, Hemke writes, there was virtually no real metal in the futures market vaults to back the paper claims being sold.

... Dispatch continues below ...



ADVERTISEMENT

Transfer Assets and Own Gold and Silver Coins
and Bars in the Safest Way

GoldCore's mission statement since 2003 has been to protect and grow the wealth of our clients, and given growing monetary, cyber, and systemic risks, it is increasingly important to take delivery or have legal title and outright ownership of fully segregated coins and bars.

On all investment and pension purchases and gold and/or silver coin and bars transfers (from banks, ETFs, and digital gold providers) worth more than $10,000 stored in GoldCore Secure Storage in Zurich, Switzerland, we are now offering Secure Storage for free for six months and the gift of a silver bullion coin -- a beautiful, legal tender, 1-ounce Silver Eagle.

GoldCore does not report transactions to any authority, and safety, privacy, and confidentiality are paramount when we are entrusted with safekeeping of our clients' precious metals.

Please visit GoldCore here for more information about this offer:

https://info.goldcore.com/zurich-gold-silver-storage-goldcore-exclusive-...

Key information regarding GoldCore Secure Storage, our partner vaults and jurisdictions, and storage rates is here:
www.goldcore.com/us/services

For further information, please email the GoldCore team at info@goldcore.com or call our trading desk:

U.S.: +1-302-635-1160

U.K.: +44(0)203-086-9200

International: +353(0)1-632-5010



Hemke writes: "If you want to bury your head in the sand, ignore the evidence and indictments, and claim that all you've just read is nonsense and 'conspiracy theory,' knock yourself out. A wise man once said, 'It's impossible to save someone who doesn’t want to be saved.' Indeed, all I can do is explain to you how these 'markets' actually operate and remind you that the manipulation remains ongoing and active. You can take it from there."

Hemke's analysis is headlined "Gold Price Manipulation Continues" and it's posted at Sprott Money here:

https://www.sprottmoney.com/Blog/bank-gold-price-manipulation-continues-...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

* * *

Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Friday-Monday, November 1-4, 2019

https://neworleansconference.com/noic-promo/powellgata/

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16