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Ronan Manly: ETF workings hint at Bank of England's price management
7:58a ET Monday, July 11, 2016
Dear Friend of GATA and Gold:
Gold researcher Ronan Manly writes today that, at the prodding of the U.S. Securities and Exchange Commission, the Bank of England has been officially identified as a "subcustodian" for the gold exchange-traded fund GLD, and this supports suspicion that leased or swapped central bank gold is being used to manage the gold price. Manly adds that the refusal of central banks to provide identification for their gold bars indicates that they are striving to conceal their gold price management. Manly's analysis is headlined "SPDR Gold Trust Gold Bars at the Bank of England Vaults" and it's posted at Bullion Star here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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