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

Section:

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?:

http://www.kitco.com/news/video/show/Kitco-News/1019/2015-07-10/Theres-S...

http://www.kitco.com/news/2015-07-10/When-it-Comes-to-Gold-It-s-Not-Just...

"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:

http://www.kitco.com/news/video/show/Kitco-News/1018/2015-07-09/First-Go...

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



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