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Craig Hemke at Sprott Money: Metal trading suspension may explode the whole futures racket
8:30p ET Tuesday, March 8, 2022
Dear Friend of GATA and Gold:
The London Metals Exchange's decision today to suspend trading in nickel to puncture a short squeeze may explode the entire racket of commodity futures markets, including gold and silver price suppression, the TF Metals Report's Craig Hemke writes tonight at Sprott Money.
Hemke writes: "Once the global investment community figures out that it's all a scam -- that there are as many as 100 digital/pretend ounces for every physical ounce backing the pricing scheme -- confidence will rapidly collapse. There will be a run on physical precious metal, and only those who hold it nearby will be determined to be the actual owner."
Hemke's analysis is headlined "History in the Making" and it's posted at Sprott Money here:
https://www.sprottmoney.com/blog/History-in-the-Making-Craig-Hemke-March-08-2022
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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