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John Embry: Powers that be succeed once again in trashing gold

May 31, 2012 by · Leave a Comment 

GATA

7a ET Thursday, May 31, Wednesday, May 30, 2012

Dear Friend of GATA and Gold:

Writing for Investor’s Digest of Canada, Sprott Asset Management’s John Embry reviews recent government efforts to suppress gold’s price as government market intervention becomes pervasive everywhere. Embry’s commentary is headlined “Powers That Be Succeed Once Again in Trashing Gold” and it’s posted at the Sprott Internet site here:

http://www.sprott.com/media/146682/investors-digest-may-4.pdf

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

* * *

Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA’s full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

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:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Gold acting like safe-haven investment, Norcini tells King World News

May 31, 2012 by · Leave a Comment 

GATA

12:43a ET Thursday, May 31, 2012

Dear Friend of GATA and Gold:

Futures market analyst Dan Norcini tells King World News that gold is finding big central bank buying below $1,550 and that this week’s action shows that the monetary metal is being considered a safe-haven investment. An excerpt from the interview is posted at the King World News blog here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/5/30_No…

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

* * *

Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA’s full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

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:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Big commercials aggressively covering gold and silver shorts, Arensberg says

May 31, 2012 by · Leave a Comment 

GATA

12:35a ET Thursday, May 31, 2012

Dear Friend of GATA and Gold:

At the Got Gold Report, Gene Arensberg examines trader positions on the gold and silver futures exchanges and finds them as bullish as they’ve been in years. He says the large commercial traders are aggressively covering their short positions. This particular report is presented as a video and it’s posted here:

http://www.gotgoldreport.com/2012/05/cot-funds-high-short-positions-majo…

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

* * *

Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA’s full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

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:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Embry elaborates on counterintuitive moves in gold ‘market’

May 31, 2012 by · Leave a Comment 

GATA

2p ET Wednesday, May 30, 2012

Dear Friend of GATA and Gold:

John Embry of Sprott Asset Management is really getting around today, elaborating for King World News on the “massive manipulation and interference” in the gold market. “They knock gold down when it obviously should be going higher,” Embry says, echoing GATA’s long-running complaint about the counterintuitive moves in the gold price.

Indeed, if the Northern Hemisphere was destroyed in a nuclear war, the Federal Reserve, JPMorganChase, and HSBC would get some brokers to Sydney, Rio de Janeiro, and Johannesburg to sell gold futures massively and drive the price down by at least 5 percent. Kitco market analyst Jon Nadler would crawl out from the rubble and opine to the cockroaches that the gold price had fallen because so many gold buyers had been killed, as he always had predicted would happen. CPM Group’s Jeff Christian would telephone New Zealand not to worry because he was flying down with reams of gold-colored paper that would work just as well in Wellington as it did in New York as long as nobody asked what was behind it. And the World Gold Council would console itself with whatever high-fashion models could be found wearing nose rings in French Polynesia.

But with London and New York razed, at least we’d be spared more contrived rationalizations about the strange market action from the Financial Times and Wall Street Journal.

Monetary metals investors should understand that, as geopolitical analyst Jim Rickards somehow was allowed to say on CNBC three years ago, “When you own gold you’re fighting every central bank in the world.” It’s them or humanity, slavery or freedom. Get used to it. Besides, we’re winning.

An excerpt from Embry’s interview is posted at the King World News blog here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/5/30_Em…

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

* * *

Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA’s full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

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:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Currency depreciation will keep driving gold up, Embry tells MineWeb

May 31, 2012 by · Leave a Comment 

GATA

1:30p ET Wednesday, May 30, 2012

Dear Friend of GATA and Gold:

Interviewed by Geoff Candy at MineWeb, Sprott Asset Management’s John Embry says that only market interference has gotten in the way of gold’s fundamentals, foremost among which is the growing realization that government currencies soon will be worth a lot less. The interview is posted at MineWeb here:

http://www.mineweb.com/mineweb/view/mineweb/en/page33?oid=152366&sn=Deta…

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

* * *

Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA’s full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

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:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Sales Improve for US Mint Silver Coins

May 31, 2012 by · Leave a Comment 

Several silver coins and related collector products from the United States Mint outperformed their prior weekly sales, including two of the three top sellers. Leading U.S. Mint sales were 2012-W Proof Silver Eagle coins. On the heels of the 14,449 ordered in the previous round came another wave of 13,733 orders. This latest push put [...]
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HDD Mining and Waterwell Release Free Brochure

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