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Ed Steer: Don't invest in monetary metals miners if they won't defend themselves

IMG Auteur
Chris Powell
GATA
Published : March 07th, 2013
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In his commentary in his daily letter for Casey Research today, GATA board member Ed Steer notes the failure of most of the monetary metals mining industry to fight back against the price suppression enforced by the major investment banks as agents for Western central banks. The full letter is posted here:

http://www.caseyresearch.com/gsd/edition/lawr...dac-the-numb...

An excerpt is below.
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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.
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overtheedge   3/7/2013 at 4:48 PM GMT
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Those who can - do.
Those who can't - teach. Where do you reckon commentary comes in?

A producer dare not cause any problems for their banker or the banker's friends. And fully cashed up? Uh-huh, right here in the bottom drawer. Is the BoD is all on board we teaching them banker swine a lesson? Uh-huh. Reckon they don't teach you those kind of things in college, eh?

Like I said,
Those who can - do. They deal with reality. "Is" just is.
Those who can't - teach. They deal with perceptions. "Is" ought to be.
Latest comment posted for this article
Those who can - do. Those who can't - teach. Where do you reckon commentary comes in? A producer dare not cause any problems for their banker or the banker's friends. And fully cashed up? Uh-huh, right here in the bottom drawer. Is the BoD is all on bo  Read more
overtheedge - 3/7/2013 at 4:48 PM GMT
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