Jan Skoyles: London gold market is too secret to judge its reliability

Section:

1:40p ET Wednesday, July 3, 2013

Dear Friend of GATA and Gold:

In recent weeks Jan Skoyles, head of research for The Real Asset Co. in London, set about studying the New York and London gold markets to determine whether they have the metal necessary to meet their obligations. While Skoyles concluded last month that the New York market -- the New York Commodities Exchange -- is in no imminent danger of default --

http://therealasset.co.uk/comex-2-paper-gold/

-- she now reports that the London market is too carefully wrapped in secrecy to permit any judgment. Her new report is headlined "The London Gold Market: What's Behind the Smoke and Mirrors?" and it's posted at The Real Asset Co.'s Internet site here:

http://therealasset.co.uk/london-gold-market-opaque/

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



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