John Embry: Gold nears parabolic move up
Submitted by cpowell on Fri, 2010-07-30 12:37. Section: Daily Dispatches8:35a ET Friday, July 30, 2010
Dear Friend of GATA and Gold:
Sprott Asset Management's chief investment strategist, John Embry, writes that gold is near a parabolic move up because of worldwide monetary mismanagement and the diminishment of central bank gold reserves with which to suppress the metal's market price. Embry's commentary appears in the latest issue of Investor's Digest of Canada and you can find it at the Sprott Internet site here:
CHRIS POWELL, Secretary/TreasurerGold Anti-Trust Action Committee Inc.
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