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Rob Kirby: How derivatives suppress commodities to conceal inflation
8:25p ET Tuesday, April 8, 2008
Dear Friend of GATA and Gold:
In commentary posted last night at FinancialSense.com, Rob Kirby of Kirby Analytics in Toronto, a speaker at GATA's Washington conference April 17-19, shows how commodity prices have been manipulated downward with derivatives and accounting changes to conceal somewhat the explosion in the money supply since the Federal Reserve stopped reporting its M3 measure. Kirby's commentary is headlined "Inflation Revelations" and includes some telling charts, and you can find it here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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GATA Goes to Washington -- Anybody Seen Our Gold?
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