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'Compelling case' for gold and silver shortages, Sprott says in weekly review
9:13p ET Friday, October 23, 2020
Dear Friend of GATA and Gold (and Silver):
Mining entrepreneur Eric Sprott, commenting in his weekly review with Craig Hemke for Sprott Money, says Indian gold imports are much greater than expected and there's a "compelling case" for shortages of both gold and silver.
Asked why gold and silver trade so closely together, Sprott notes that the same bullion banks are doing most of the trading in both metals.
... Dispatch continues below ...
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Sprott also expresses interest in yesterday's assertion by London metals trader Andrew Maguire that China is bypassing the London Bullion Market Association by purchasing dore gold directly from African and South American mines:
As usual, Sprott also reviews the progress of a half-dozen or so mining companies.
The interview is 25 minutes long and can be heard at Sprott Money here:
https://www.sprottmoney.com/blog/World-Events-Building-to-a-Crescendo-fo...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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