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Central banks capped Comex gold last week, Turk tells KWN

Section: Daily Dispatches

11:04a ET Friday, June 19, 2020

Dear Friend of GATA and Gold:

Since last week, GoldMoney founder and GATA consultant James Turk tells King World News today, someone has shorted $4 billion in paper gold on the New York Commodities Exchange to keep the price under its short-term downtrend line. Turk says, "Only central banks would make that trade in a gold bull market. They are the only ones on the planet who benefit from a low gold price." But he adds that market forces seem about to overcome them.

Turk's interview is summarized at KWN here --

https://kingworldnews.com/james-turk-on-todays-major-battle-in-the-gold-...

-- and full audio will be posted shortly.

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



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