Ronan Manly: Comex is designed to facilitate gold market rigging


2:24p ET Tuesday, July 18, 2017

Dear Friend of GATA and Gold:

Gold researcher Ronan Manly today explains how the New York Commodities Exchange's futures market in gold, the Comex, is designed to separate gold's nominal price from actual metal and to facilitate manipulation of the market by its biggest participants.

Manly concludes: "As the Comex pursues its record-breaking attempt in 2017 to trade gold futures representing more than 200,000 tonnes of gold, the disconnect between the Comex and the real world is becoming all too clear. Comex flash crashes will continue as long as the CME Group [owner of the Comex] and U.S. Commodity Futures Trading Commission let them continue. And many people will continue to believe that these flash crashes were deliberately orchestrated.

"But at the heart of the contradiction between paper gold and real gold is not whether such and such a flash crash was deliberate. The heart of the contradiction is that the very structure of the Comex system is detached from reality of physical gold and can easily allow flash crashes that may or may not be deliberate attempts to rig the gold price."

Manly's analysis is headlined "Is the Comex Rigged?" and it's posted at Bullion Star here:

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


USAGold: Coins and bullion since 1973

USAGold, well known for its Internet site,, offers contemporary bullion coins and bullion-related historic gold coins for delivery to private investors in the United States, Europe, Canada, Australia, and New Zealand. It is one of the oldest and most respected names in the gold industry, with thousands of clients and an approach to investment that emphasizes guidance and individual needs over high-pressure sales tactics. The firm's zero-complaint record at the Better Business Bureau makes it an ideal match for the conservative, long-term investor looking for a reliable contact in the gold business.

Please call 1-800-869-5115x100 and ask for the trading desk, or visit:

USAGold: Great prices, quick delivery -- all the time.

Join GATA here:

New Orleans Investment Conference
Wednesday-Saturday, October 25-28, 2017
Hilton New Orleans Riverside Hotel, New Orleans, Louisiana

Mines and Money London
Business Design Centre
London, England, United Kingdom
Monday-Thursday, November 27-30, 2017

* * *

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: