Dear Friend of GATA and Gold:
MineWeb's Lawrence Williams' new commentary, "Gold Trading or Gold Hoarding -- Which Will Win Out?," acknowledges growing recognition that GATA has been right all along about central bank efforts to suppress the price of gold.
Williams writes: "For years scorn was heaped on the GATA ideas, despite some substantial evidence being produced to support them. But, of late, given some increasingly strange gold market movements flying in the face of political and financial events which would at any other time have had the effect of leading to an upward run on gold, GATA's views, and those of a number of others on the fringe, are becoming mainstream -- particularly as these adverse price movements in gold appear to have been orchestrated by massive 'sales' of paper metal in volumes that have absolutely no relation to the amounts of gold being mined or available to the markets in physical form. 'There are no markets anymore, only interventions,' says Chris Powell, GATA's secretary, perhaps at last coming round to the observation that gold is not unique in being manipulated by the big financial players."
Well, not quite "at last" for GATA, since that observation about every market being manipulated was made more than five years and almost 7,000 dispatches ago:
Williams' commentary is posted at MineWeb here:
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