Dave Kranzler: Can Western central banks keep capping gold at $1,350?

Section:

3:12p ET Monday, June 17, 2019

Dear Friend of GATA and Gold:

Dave Kranzler of Investment Research Dynamics in Denver notes today that gold price suppression is tightest when the U.S. Federal Reserve's Federal Open Market Committee is meeting to deliberate on interest rates, as is happening this week. That, Kranzler writes, explains the smashing of gold futures prices Friday as the stock market opened: "9,816 Comex paper gold contracts representing nearly 1 million ounces of gold were thrown onto the Comex in five minutes. This is more than three times the amount of gold designated in Comex warehouses as available for delivery and 28 percent more than the total amount of gold held in Comex vaults per Friday's Comex warehouse report."

But, Kranzler adds, with central banks seeming to be on the verge of more epic-scale money printing and bank bailouts, it may be harder for them to hold gold at $1,350.

Kranzler's commentary is headlined "Can Western Central Banks Continue Capping Gold At $1,350?" and it's posted at IRD here:

http://investmentresearchdynamics.com/can-western-central-banks-continue...

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


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Company Announcement
Wednesday, June 12, 2019

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For the remainder of the announcement:

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