Eric Sprott reflects on a difficult year for monetary metals; Maguire sees 'Basel 3' kicking in
9:30p ET Friday, December 10, 2021
Dear Friend of GATA and Gold:
Mining entrepreneur Eric Sprott this week spent 45 minutes with Craig Hemke for Sprott Money News, discussing the counterintuitive performance of the gold and silver markets this year amid the determination of the banking industry to keep monetary metals prices down.
But even so, Sprott added, some gold and silver mining companies have offered good opportunities, and he said he is confident that price suppression will be overcome. He praised GATA's persistence in adversity and discussed a few companies in which he is invested.
The interview can be heard at YouTube here:
Interviewed this week for Kinesis Money, London metals trader Andrew Maguire said that bank trading in gold and silver seems to be anticipating implementation of the "Basel III" regulations in London at the be ginning of the year, when shorting of the market with derivatives should be restricted.
Maguire's interview is 40 minutes long and can be heard at YouTube here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc. CPowell@GATA.org