Embry concurs with Maguire: China will bury gold and silver shorts

[PeacePlan]

Submitted by cpowell on 08:13AM ET Thursday, July 7, 2011.
Section: Daily Dispatches 11:09a ET Thursday, July 7, 2011


Dear Friend of GATA and Gold (and Silver):


Sprott Asset Management's chief investment strategist, John Embry, today endorses silver market rigging whistleblower Andrew Maguire's prediction that gold and silver shorts will be buried in large part because of new demand from China, especially in regard to silver, for which there are no central bank inventories available for market rigging. An excerpt from the interview has been posted at the King World News blog here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/7/7_Emb...


Both Embry and Maguire will speak at GATA's Gold Rush 2011 conference in London in August:
http://www.GATAgoldrush.com


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

 

[freshjiva]

Be very weary of these types of reports. Most of them simply do not understand the mechanism of gold. While it is indeed a commodity, longterm valuation is driven purely by one factor and one factor alone: the supply and demand for liquidity. Gold rises during times of excess liquidity and falls during times of scarce liquidity. It is the foremost indicator for inflation, nothing more, nothing less.