You are here

Craig Hemke at Sprott Money: Bullion banks want market rigging, not higher prices

Section: Daily Dispatches

9:50a CT Wednesday, October 31, 2018

Dear Friend of GATA and Gold:

Writing at Sprott Money, the TF Metals Report's Craig Hemke notes today that the big commercial traders in the monetary metals futures markets, the bullion banks, have flipped from long to short again on what was only a small move up in prices. This, Hemke argues, shows that the banks envision forever making their money through market manipulation on behalf of central banks rather than through accumulating metal and someday driving prices up.

... Dispatch continues below ...


Buy, Sell, or Store Precious Metals with Money Metals

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

-- 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 --

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

Meanwhile, the Money Metals Depository --

Hemke concludes: "So, please: The next time you hear someone state that 'the banks are getting long' and that price is thus 'set to explode,' think otherwise. The banks that operate on the Comex are not your friend, they are not your ally, and they are not interested in profiting on the long side. Instead, their goal is to manipulate and manage price to their own benefit and to the benefit of their central bank masters.

"This has been the case since precious metals futures contracts came into existence in 1975, and it will be the case until this system finally implodes under the sheer weight of its inherent corruption, deception, and fraud."

Hemke's analysis is headlined "The Same Old Comex Games" and it's posted at Sprott Money here:

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

* * *

Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Thursday-Sunday, November 1-4, 2018

* * *

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:

To contribute to GATA, please visit: