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'Weird stuff' suggests there are no markets anymore, just interventions, Sprott says
7:38p ET Saturday, October 17, 2020
Dear Friend of GATA and Gold:
In his weekly review with Craig Hemke for Sprott Money, mining entrepreneur Eric Sprott says increasing incidents of "weird stuff" make him believe increasingly that there are no markets anymore, just interventions.
Sprott adds that the dividends increasingly being paid by gold mining companies will make gold stocks more attractive to investors than general equities and bonds.
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He thinks President Trump is likely to win re-election and as a result Democrats are likely to create chaos.
Sprott says BlackRock, the investment house hired by the Federal Reserve to implement some of its market interventions, is now the largest shareholder in Kirkland Lake Gold, which Sprott formerly chaired.
The New York Commodities Exchange. Sprott says, is giving indications that it has a physical problem in gold and silver.
Lockdowns, Sprott says, increasingly are understood as more destructive than the virus epidemic they are supposed to curb.
Sprott also comments on developments with several mining companies.
The interview is 28 minutes long and can be heard at YouTube here:
https://www.youtube.com/watch?v=yFE_E2kGXjo
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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