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Grant Williams says 'Hmmm' about gold crash
10:12p ET Monday, April 22, 2013
Dear Friend of GATA and Gold:
In the latest edition of his "Things That Make You Go Hmmm..." newsletter, Grant Williams of Vulpes Investment Management in Singapore joins the lengthening line of market analysts who think something is fishy about the recent gold price plunge, a line almost as long as the lines in front of gold shops in Asia.
Williams writes: "During my 30-odd years in finance, I have somehow weaved my way through many crashes, beginning with the 1987 stock market crash and including LTCM, NASDAQ, the Asian Currency Crisis, the Mexican Tequila Crisis, 9/11, and everything in between, and I can promise you that not a single one of those crashes, collapses, or crises ended up with retail investors stampeding to buy the asset that was supposedly cratering."
He adds: "Now, far be it from me to suggest that the central bankers of the world had any sort of hand in crashing the gold price -- I mean they are all such fine, upstanding servants of the public good and are definitely not short physical gold -- but said crash certainly doesn't hurt their desire to amp up the printing presses. ..."
Williams' letter is titled "Bulls Hit" and it's posted at the Mauldin Economics Internet site here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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