Dear Friend of GATA and Gold:
The precious metals are moving up again as investors realize that only unprecedented money creation will resolve Europe's bankruptcy, Sprott Asset Management's John Embry tells King World News today. Massive demand for real metal is overwhelming the price suppression scheme much as it did in the last days of the London Gold Pool in 1968, Embry says. An excerpt from the interview is posted at the King World News blog here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/10/25_J...
Meanwhile, in another interview with King World News, resource broker Rick Rule predicts a wave of acquisitions of junior mining companies as major miners, flush with cash, seek to replace their reserves cheaply. An excerpt from that interview is posted at the King World News blog here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/10/25_R...
