Hathaway's Tocqueville gold letter gets pretty frank about market rigging

Section:

1:05p CT Friday, October 28, 2016

Dear Friend of GATA and Gold:

John Hathaway's October gold strategy letter for the Tocqueville funds gets pretty frank about manipulation of the gold market by governments and central banks, quoting Zero Hedge and market analyst and financial letter writer Michael Belkin:

"The correction of the past few days coincided with an absence of Chinese buyers due to the 'Golden Week' holiday there. 'With China (by far the largest buyer of physical gold) closed, the markets were open for rampant manipulation, which is exactly what happened as several billion dollars in paper assets were dumped.' (Zero Hedge, October 9, 2016.) As noted in the October 10 Belkin Report, 'Who sells $22 billion of gold for maximum market impact over a very short period? The global monetary cabal (central banks, Bank for International Settlements) have a long history of suppressing gold prices because a rising gold price discredits their legitimacy.'"

Hathaway's letter is posted at the Tocqueville internet site here:

http://tocqueville.com/insights/gold-strategy-investor-letter-3Q16

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



ADVERTISEMENT

13.4 Trillion Reasons Why New BMG Silver BullionFund
Makes Sense for Investors Looking for a Safe Haven

Company Announcement
Monday, October 17, 2016

TORONTO, Ontario -- Bullion Management Group Inc., a Canadian pioneer in precious metals investing, has expanded its line of bullion funds with the launch of BMG Silver BullionFund. The new fund invests exclusively in physical silver bullion. It is designed for investors seeking to add silver to their precious metals investments that offer long-term security and potential capital growth.

BMG Silver BullionFund is an open-end mutual fund trust that can be purchased and redeemed daily at net asset value and is eligible for TFSA, RRSP, and RESP investments.

Nick Barisheff, president and CEO of BMG, believes that there are several important reasons why investors looking for a safe haven are adding bullion to their portfolios. He observes that $13.4 trillion of government bonds worldwide now offer yields below zero. ...

For the remainder of the announcement:

http://bmgbullion.com/13-4-trillion-reasons-new-bmg-silver-bullionfund-m...



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

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

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

http://tinyurl.com/zr4tjuc

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