Dave Kranzler: London pounds gold again despite lack of market-influencing news

Section:

1:20p ET Wednesday, October 14, 2015

Dear Friend of GATA and gold:

Dave Kranzler of Investment Research Dynamics notes the pounding gold took during the morning "fixing" in London today even though there were "no news reports or events that would have influenced any of the trading markets" during the fixing.

Kranzler adds: "Interestingly, gold shot right back up after the dismal U.S. retail sales report released at 8:30 a.m. ET. ... At least for now anyway gold is behaving differently than it has over the past four years. It seems that price hits are being bought rather than chased lower and moves higher are being chased higher rather than being sold."

Kranzler's analysis is headlined "Gold Was 'Fixed' at the London AM Price Fix" and it's posted at the IRD Internet site here:

http://investmentresearchdynamics.com/gold-was-fixed-at-the-london-a-m-p...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org



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