Zero Hedge: Morgan corners gold with 60% of all U.S. gold derivatives

Section:

12:15p SRT Sunday, February 2, 2014

Dear Friend of GATA and Gold:

Zero Hedge reports today that JPMorganChase has cornered the gold market in part by owning more than 60 percent of the value of all gold derivatives in the United States, and questions why the U.S. Commodity Futures Trading Commission allows such a corner. Of course there's an easy explanation: Morgan's position is actually the U.S. government's position, as the Gold Reserve Act establishing the Exchange Stabilization Fund authorizes the U.S. government to rig not just the gold market but every market in secret. The Zero Hedge commentary is here:

http://www.zerohedge.com/news/2014-02-01/market-cornered-jpmorgan-owns-o...

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



ADVERTISEMENT

A Personal Touch in Buying Precious Metals

If you've not secured your allocation of precious metals and numismatic coins, 2014 may be the last year to get them at affordable and undervalued prices. With huge amounts of gold leaving the West for Asia, the future availability of precious metals is very much in doubt.

All Pro Gold has competitive pricing on all bullion and numismatic products -- and offers prompt delivery too. Long-time GATA supporters Fred Goldstein and Tim Murphy are glad to answer any questions or concerns about acquiring the monetary metals. All Pro Gold has an extensive electronic library of articles from the world's top market analysts. Learn more at www.allprogold.com or write to Fred and Tim at info@allprogold.com or telephone them at 1-855-377-4653.



Join GATA here:

Mines and Money Hong Kong
Hong Kong Convention and Exhibition Centre
Monday-Friday, March 24-28, 2014
Hong Kong Special Administrative Region, China

http://www.minesandmoney.com/hongkong/

* * *

Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16



ADVERTISEMENT

Jim Sinclair plans seminar in Austin

Gold advocate and mining entrepreneur Jim Sinclair will hold his next market seminar from 2 to 6 p.m. Saturday, February 8, at the Austin, Texas, Airport Hilton. Advance registration is required. Details for the Austin seminar are posted at JSMineSet.com here:

http://www.jsmineset.com/2014/01/02/austin-texas-qa-session-confirmed/