Central banks may be destroying their own tool, the futures markets


9:41p ET Thursday, September 11, 2008

Dear Friend of GATA and Gold:

In commentary posted tonight, Richard Greene of Thunder Capital Management in Clearwater, Florida, elaborates on the intensifying central bank intervention against commodities and particularly gold and silver, providing the specifics (some of which GATA has been publicizing) that market analyst Don Coxe omitted in his interview this week with the Toronto Globe and Mail.

Greene sees the physical markets for the precious metals now separating from the manipulative futures markets and speculates that, in pushing the futures price of the metals down so far below the physical price, the central banks and their agents may have destroyed their own tool.

Greene's commentary is headlined "Do You Think Gold Deserves to Trade in a Free Market?" and you can find it at GoldSeek here:


And at Gold-Eagle here:


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

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