Gold, silver market analysis that overlooks govt. intervention is a waste of time


11:14a ET Sunday, July 12, 2015

Dear Friend of GATA and Gold:

Our friend R.B. wrote yesterday:

"What do reckon about this guy who was interviewed by Kitco News last week and predicted $10 silver in 2015?:

"Sincerely, R.B."

Your secretary/treasurer replied, for whatever it might have been worth:

1) In the short term -- say, a year out -- government trading in the futures markets can put prices of any commodity and financial instrument wherever government wants to put them.

2) Anyone who purports to analyze commodity and monetary metals markets without reference to intervention by central banks, the biggest players in the markets, is wasting everyone's time or else is a government tool.

3) The same goes for any financial journalist who reports on markets without reference to government intervention.

But maybe there is still hope for Kitco News, as last week it also interviewed Rosa Abrantes-Metz, the New York University business school professor who has developed and publicized evidence of manipulation of the gold and silver markets, though her evidence does not seem to have directly cited central banks. That interview is six minutes long and can be viewed at Kitco's Internet site here:

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


Direct Ownership and Storage of Precious Metals
Outside the Banking System in Zurich and Singapore is a precious metals investment company that enables investors to own and store gold directly in their own name (no mutualized ownership) in Zurich and Singapore.

Goldbroker's clients are not exposed to any counterparty risks. They own gold and silver in their own names (the ownership certificate cites the name of the investor and serial number of his bars) and they have storage accounts opened in their own name as well. So's storage partner knows the exact identity of each investor. doesn't store in the name of its clients; rather, Goldbroker's clients store personally. All investors have direct access to their gold and silver bars. was launched in 2011 so that investors would avoid any counterparty risk when investing in physical gold and silver. is listed among GATA's recommended monetary metals dealers:

To invest or learn more, please visit:

Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, October 28-31, 2015

The Silver Summit and Resource Expo 2015
Hyatt Regency Hotel, San Francisco
Monday-Tuesday, November 23-24, 2015

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

Or by purchasing a colorful GATA T-shirt:

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

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:

To contribute to GATA, please visit: