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Gold rig really is as bad as GATA says, Grandich concedes
3p ET Thursday, April 11, 2013
Dear Friend of GATA and Gold:
Market analyst and mining company consultant Peter Grandich, who, while supporting GATA for many years, has maintained that the Western central bank and bullion bank rigging of the gold market wasn't quite as extensive as GATA argued, writes this week that he has changed his mind. "What are the odds," Grandich writes, "that so many one-day rallies are never followed by a decent up day? Even in the worst of bear markets, a two-day rebound is quite common." Grandich's commentary is headlined "Gold: The Rodney Dangerfield Asset of the 21st Century" and it's posted at his Internet site here:
http://www.grandich.com/2013/04/gold-the-rodney-dangerfield-asset-of-the...
But only one tin-foil hat to a customer, and Grandich already has his:
http://www.grandich.com/wp-content/uploads/2012/11/imagesCA18ROSD.jpg
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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-- Why are precious metals such a compelling investment opportunity?
-- Why are non-G7 central banks buying gold? Do Western central banks have any left?
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-- Is the growing supply deficit of platinum and palladium going to push their prices higher?
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