Ronan Manly: London gold fix prior to this year wasn't really so primitive

Section:

11:20p ET Monday, June 22, 2015

Dear Friend of GATA and Gold:

The London daily gold price fixing prior to this year's supposedly great reforms was almost surely not as primitive as its participants and mainstream news organizations have maintained, gold researcher and GATA consultant Ronan Manly writes today. Manly compiles evidence that the fixing long has been largely computerized, adding that this technology may have facilitated market manipulation. He suggests that financial journalists look into it, but of course those who work for respectable news organizations won't dare do so if they want to keep their jobs.

Manly's analysis is headlined "The Pre-2015 London Gold Fixings -- More Technologically Advanced Than Reported" and it's posted at Bullion Star here:

https://www.bullionstar.com/blogs/ronan-manly/the-pre-2015-london-gold-f...

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



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