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Last week's flash crash in silver was a government operation, Turk tells KWN
1p ET Monday, July 10, 2017
Dear Friend of GATA and Gold:
Last week's flash crash in silver was obviously a government operation, which is why market regulators have declined to track down its perpetrators, though they easily could do so, GoldMoney founder and GATA consultant James Turk tells King World News today.
Turk adds: "Why did this last so-called flash crash happen to occur the moment Tokyo opened? The timing was purposefully chosen. It was all paper. No physical metal traded. The manipulators couldn't risk starting a flash crash during normal market hours when the physical market is trading because they did not want the risk of having to fill orders from buyers of physical metal during the flash crash. Whenever the manipulators fill orders, the risk is that they reduce their available inventory of physical metal."
The objective of these flash crashes, Turk says, is to scare investors away from the monetary metals.
Turk's interview is excerpted at KWN here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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