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Governments rig all markets now but gold is calling their bluff: Sinclair
12:04p ET Friday, April 5, 2013
Dear Friend of GATA and Gold:
Mining entrepreneur and gold trader Jim Sinclair tells King World News today that governments are manipulating so many markets now that they probably can't keep things together much longer.
"A market that would go only to one side would be a market that would cease creating price in any kind of orderly manner," Sinclair says. "I believe we are now at a point where the tape and physical market in gold are working directly against the government positions and the market is ready for a turn.
"My opinion remains unchanged about what the gold market is going to do. I may have been off by a few days, but everything I see here indicates that the depreciation in the price of gold has run its course and will be proven to have run its course this week as the physical market is calling the government's bluff."
An excerpt from the interview is posted at the King World News blog here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
How to profit in the new year with silver --
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GoldMoney Reduces Storage and Exchange Fees
From April 1 GoldMoney will be reducing by a third its storage fees on gold stored at all VIA MAT vaults to just 0.12 percent per year and halving the cost of storing silver with VIA MAT Switzerland to bring it in line with GoldMoney's silver storage fees at other vault locations: 0.49 percent per year as the standard fee and 0.39 percent per year for more than 50,000 ounces of silver. In addition, GoldMoney's minimum storage fee will be reduced to only 0.001 grams per month for gold, platinum, and palladium, and 0.001 ounces per month for silver. In April GoldMoney also will be simplifying and reducing its metal-to-metal exchange fees. For the full details of these significant fee reductions, please visit: