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Alasdair Macleod: Deflating the derivatives balloon

Section: Daily Dispatches

2:13p ET Saturday, December 10, 2011

Dear Friend of GATA and Gold (and Silver):

Economist and former banker Alasdair Macleod, who spoke at GATA's Gold Rush 2011 conference in London in August, writes at GoldMoney today that the collapse of the MF Global brokerage house may herald the collapse of the futures and options markets as investors realize that their money is protected neither by exchanges nor governments. A transfer of trading from futures markets to physical markets, Macleod notes, would be very bad for the big short positions in gold and silver run by bullion banks. Macleod's commentary is headlined "Deflating the Derivatives Balloon" and you can find it at GoldMoney's Internet site here:

http://www.goldmoney.com/gold-research/alasdair-macleod/deflating-the-de...

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



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