And some more:
Dear Friend of GATA and Gold:
In commentary posted today at MineWeb, Swiss fund manager Daniel Gschwend acknowledges central bank efforts to suppress the gold price. His commentary is headlined "Will the IMF & Co. Let Gold Crash?" and you can find it here:
http://www.mineweb.net/mineweb/view/mineweb/en/page33?oid=71248&sn=Detail
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
The GATA message is getting around among the unbewildered…
A quote from today's 13D, a very expensive strategy service put out by Kiril Sokolov.
"We have learned that retail premiums on gold coins have been growing recently, even while spot gold prices have been weakening, which is highly unusual. This could be another sign that exchange-traded gold prices are being hit by massive waves of forced liquidation, while the coin market is probably more reflective of fundamentals, which point to increasingly tighter supply.
"The selloff in gold could also be driven by the Exchange Stabilization Fund (ESF), which enables the U.S. Treasury to stabilize the value of the dollar by dealing in gold and foreign currency. With an election looming and huge new liabilities being created the last thing the U.S. Government wants is a run on the dollar"
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