You are here

Butler, Macleod, and GATA lauded by Eric Sprott in weekly review with Craig Hemke

Section: Daily Dispatches

4:08p ET Friday, August 7, 2020

Dear Friend of GATA and Gold:

In his weekly review with the TF Metals Report's Craig Hemke at Sprott Money, mining entrepreneur Eric Sprott marvels at the recent explosion in gold and silver prices. He says that last week for the first time in history the bullion banks were covering their short positions in monetary metals futures contracts.

This short-covering, Sprott says, caused the recent price increases in gold and silver. For years only the bullion banks had been selling, Sprott says, and now, as physical demand begins to overtake derivative selling and the banks want to cover, there is no one else to take their place as sellers.

... Dispatch continues below ...



ADVERTISEMENT

Buy, Sell, or Store Precious Metals with Money Metals Exchange

Money Metals Exchange, a national bullion dealer recently voted "Best in the USA" by a worldwide ratings group --

https://www.moneymetals.com/news/2015/02/03/worldwide-ratings-organizati...

-- is a great low-cost source for precious metals coins, rounds, and bars. Money Metals also pays handsomely when you wish to sell your precious metals.

Shop online with Money Metals Exchange here --

https://www.moneymetals.com/buy

-- or by calling 1-800-800-1865.

Meanwhile, Money Metals Depository will store your precious metals in a segregated account at low cost:

https://www.moneymetals.com/depository



Sprott compliments silver market analyst and market manipulation whistleblower Ted Butler and says he followed the advice of Butler's newsletter --

https://www.butlerresearch.com/

-- to buy out-of-the-money calls on the exchange-traded silver fund SLV.

Sprott also praises Butler, GATA, and GoldMoney research director Alasdair Macleod for understanding the manipulation engineered by the futures markets, and he quotes the conclusion of Macleod's most recent analysis for GoldMoney, which GATA publicized this week:

http://gata.org/node/20374

Sprott reiterates his enthusiasm for silver's prospects -- he foresees the gold-silver ratio returning to the historic level around 15 to 1 -- and discusses several mining companies in which he has invested.

The discussion is 25 minutes long and can be heard at Sprott Money here:

https://www.sprottmoney.com/Blog/after-an-incredible-week-huge-things-ha...

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

* * *

Toast to a free gold market
with great GATA-label wine

Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.

Here's what the bottles look like:

http://www.gata.org/files/GATA-4-wine-bottles.jpg

Buyers can compose their case by choosing as many as four varietals from the list here:

http://www.gata.org/files/FayJWineryVarietals.jpg

GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?

To order a case of GATA-label wine, please e-mail Fay J Winery at bagman1236@aol.com.

* * *

Support GATA by purchasing
Stuart Englert's "Rigged"

"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --

https://www.amazon.com/Rigged-Exposing-Largest-Financial-History/dp/1651...

-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.

* * *

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