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Craig Hemke: The second London gold pool is breaking down, just as the first one did
8:04p ET Monday, February 3, 2024
Dear Friend of GATA and Gold:
Writing tonight at Sprott Money, the TF Metals Report's Craig Hemke says he doesn't believe that the turmoil in the London gold market has much to do with the threat of U.S. tariffs against Canada, Mexico, and China. Rather, Hemke writes, it's more likely that the second iteration of the London Gold Pool is running out of gold, just as the first iteration did.
Hemke's analysis is headlined "On Tariffs and Gold Prices" and it's posted at Sprott Money here:
https://www.sprottmoney.com/blog/on-tariffs-gold-prices
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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