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David Jensen: Detonation of the LBMA -- it wasn't Brexit, Governor Carney
9:25a ET Tuesday, July 5, 2016
Dear Friend of GATA and Gold:
The Bank of England has been suppressing gold prices by facilitating the London Bullion Market Association's creation of unbacked "paper gold" but the market has figured out the scheme and may be about the destroy the LBMA, market analyst and mining executive David Jensen writes.
"Leverage works in both directions," Jensen writes. "The end result is spiking metals prices, interest rates, and consumer goods prices (inflation) as wealth flees from market artifice into goods of innate value coupled with market and social upheaval as discontinuous interest rate movements disrupt the hundreds of trillions in the interest rate derivatives market and collapse the global banks that hold them."
Jensen's analysis is headlined "Detonation of the LBMA -- It Wasn't Brexit, Governor Carney" and it's posted at 24hGold here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
A Contrarian's Call Option on Gold
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For a detailed report on Sandspring Resources by Tommy Humphreys of CEO.CA, please visit:
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