Dave Kranzler: Central banks and bullion banks mobilizing for another gold smash

Section:

5:23p ET Monday, June 24, 2019

Dear Friend of GATA and Gold:

If the past is any guide, Dave Kranzler of Investment Research Dynamics in Denver writes today, central banks and bullion banks are gathering their forces -- their naked shorting -- for a smashing of the gold futures price in the next 10 days. Even so, Kranzler writes, the gold price lately has been establishing both higher highs and higher lows. "This tells us that the Western central bank/bullion bank effort to control the price of gold is limited in its success," Kranzler writes. "This is likely because of immense demand from Eastern hemisphere buyers (central banks, investors, citizens) who require actual physical delivery."

Kranzler's analysis is headlined "Gold Is Going Higher but Brace Yourself for Volatility" and it's posted at IRD here:

http://investmentresearchdynamics.com/gold-is-going-higher-but-brace-you...

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


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