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Dollar's fall signals that rates won't rise, Sperandeo tells KWN
2p ET Monday, August 28, 2017
Dear Friend of GATA and Gold:
Fund manager Victor Sperandeo tells King World News today that the monetary metals are soaring because China's stock market is up and China is a big buyer of the metals and because the U.S. dollar's sharp fall signifies that higher interest rates in the United States are now out of the question. Sperandeo's comments are excerpted at KWN here:
Of course there may be other explanations, such as that the Trump administration wants dollar devaluation to gain advantages for U.S. industry because gaining advantage through tariffs would violate international agreements. Or maybe governments that want the gold price suppressed are at last running out of more metal than they care to lose.
No one who doesn't know how governments themselves are doing their own secret trading today knows for sure.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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