admitted to cftc: gold market is ponzi scheme , page-7

Zero Hedge follows admission to CFTC that London gold market is unbacked paper
Submitted by cpowell on Sun, 2010-03-28 19:47.
Section: Daily Dispatches
3:49p ET Sunday, March 28, 2010

Dear Friend of GATA and Gold (and Silver):

Zero Hedge has given wonderful treatment to GATA board member Adrian Douglas' analysis of the admission to the U.S. Commodity Futures Trading Commission by gold market expert Jeffrey Christian that the so-called physical gold market in London is instead mostly unbacked paper. Zero Hedge's treatment includes video of Douglas' statement to the CFTC and is headlined "Former Goldman Commodities Research Analyst Confirms LMBA OTC Gold Market Is 'Paper Gold' Ponzi" and you can find it here:

http://www.zerohedge.com/article/former-goldman-commodities-research-ana...

Or try this abbreviated link:

http://tinyurl.com/ycghfq4

Zero Hedge also has taken note of Friday's attack on CFTC whistleblower Andrew Maquire with an entry headlined "You Don't Mess with the LBMA -- Assassination Attempt On Silver Market Manipulation Whistleblower?," which you can find here:

http://www.zerohedge.com/article/you-dont-mess-lbma-assasination-attempt...

Or try this abbreviated link:

http://tinyurl.com/y93wc2w

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

The above at http://www.gata.org/node/8479