You are here

TF Metals Report: Onward toward bullion bank collapse

Section: Daily Dispatches

7:48p ET Saturday, June 25, 2016

Dear Friend of GATA and Gold:

A lot of imaginary gold was created and sold Friday to keep the monetary metal's price under control in futures contracts on the New York Commodities Exchange following the United Kingdom's declaration of independence from the European Union, the TF Metals Report's Turd Ferguson writes today. Ferguson attributes it to the "doubling down" of investment banks on their short position in gold futures.

But your secretary/treasurer has to wonder whether the gold shorting was actually done by governments and central banks using the investment banks as fronts. After all, records on file at the U.S. Securities and Exchange Commission and Commodity Futures Trading Commission show that governments and central banks are surreptitiously trading all major U.S. futures contracts --

-- and the major central banks announced on the eve of the Brexit referendum that they were prepared to intervene in the markets as necessary to control prices:

Fortunately for governments and central banks, mainstream financial news organizations will never inquire into this, having made themselves crucial participants in market rigging.

Ferguson's analysis is headlined "Onward toward Bullion Bank Collapse" and it's posted at the TF Metals Report here:

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


Direct Ownership and Storage of Precious Metals
Outside the Banking System in Zurich and Singapore is a precious metals investment company that enables investors to own and store gold directly in their own name (no mutualized ownership) in Zurich and Singapore.

Goldbroker's clients are not exposed to any counterparty risks. They own gold and silver in their own names (the ownership certificate cites the name of the investor and serial number of his bars) and they have storage accounts opened in their own name as well. So's storage partner knows the exact identity of each investor. doesn't store in the name of its clients; rather, Goldbroker's clients store personally. All investors have direct access to their gold and silver bars. was launched in 2011 so that investors would avoid any counterparty risk when investing in physical gold and silver. is listed among GATA's recommended monetary metals dealers:

To invest or learn more, please visit:

Join GATA here:

New Orleans Investment Conference
Wednesday-Saturday, October 26-29, 2016
Hilton New Orleans Riverside
New Orleans, Louisiana

Support GATA by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

To contribute to GATA, please visit: