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Alasdair Macleod: Gold derivative distortions
9p ET Sunday, July 21, 2013
Dear Friend of GATA and Gold:
GoldMoney research director Alasdair Macleod explains tonight how derivatives have diverted gold market demand from real metal into mere paper, suppressing the price, more so when "too big to fail" banks have been shorting. But price suppression, Macleod adds, has increased demand without increasing production, causing a liquidity problem that has seemed to manifest itself in the last few weeks. Macleod's commentary is headlined "Gold Derivative Distortions" and it's posted at GoldMoney here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
All Pro Gold's Fred Goldstein and Tim Murphy
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