Jan Skoyles: Taking the blinkers off the gold analysts

Section:

8:25a ET Saturday, June 22, 2013

Dear Friend of GATA and Gold:

In her new commentary, "Taking the Blinkers Off the Gold Analysts," Jan Skoyles of The Real Asset Co. in London contrasts the gold markets of the West and East -- the West being mainly paper and the East being mainly real metal.

Skoyles concludes:

"On Comex total gold delivered didn't even meet 10 percent of global gold production, while delivery from the Shanghai Gold Exchange was nearly 100 percent of total world gold mining production. ... Global physical gold demand is now likely to have surpassed total supply for this year -- all driven by that ignored part of the world. ...

"Gold prices set in major Western markets may be in retreat, but dampened demand is certainly not omnipresent across the globe. The pace of increasing premiums in Asia means physical gold prices are booming while physical gold cannot be delivered quick enough. There is only so much time left before the paper gold bugs can no longer keep the price down and geographically blinkered analysts have to open their eyes."

Skoyles' analysis is headlined "Taking the Blinkers Off the Gold Analysts" and it's posted at The Real Asset Co.'s Internet site here:

http://therealasset.co.uk/blinkers-off-gold-experts/

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



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