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Fed can't sell unless some other huge entity buys, Embry says
12:10a ET Saturday, September 8, 2017
Dear Friend of GATA and Gold:
Interviewed by the TF Metals Report's Craig Hemke for Sprott Money News, Sprott Asset Management's John Embry notes that bullion banks continue desperately shorting gold futures to keep gold's price down. He adds that he doesn't think the U.S. Federal Reserve will be able to reduce its balance sheet without collapsing the U.S. economy unless some other huge financial entity buys whatever the Fed is selling. The interview with Embry is nine minutes long and can be heard at Sprott Money here:
https://soundcloud.com/sprottmoney/sprott-money-news-weekly-wrap-up-9817
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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