Jay Taylor: GATA has proved gold market manipulation, and here’s more proof

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Jay Taylor: GATA has proved gold market manipulation, and here’s more proof by Chris Powell – GATA

Dear Friend of GATA and Gold:

In his November 16 edition, our old friend Jay Taylor, publisher of Jay Taylor’s Gold, Energy, and Tech Stocks newsletter —

https://www.miningstocks.com/

— wrote extensively about gold market manipulation and credited GATA for proving it.

Taylor went on to present a chart of morning and afternoon gold price fixes from the London Bullion Market Association showing that the gold price has nearly always been knocked down during London trading, so much so that buying on the afternoon fix and selling on the morning fix long has been spectacularly profitable, while doing the opposite long has been spectacularly unprofitable.

Taylor asks: “How can it be that skimming profits every day by buying the PM fix and selling the AM fix the next day is possible if the LBMA paper market isn’t rigged?”

With Taylor’s kind permission, his November 16 letter’s section on manipulation is posted in PDF format at GATA’s internet site here:

http://www.gata.org/files/JayTaylorLetter-11-16-2018.pdf

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

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Chris Powell

The Gold Anti-Trust Action Committee was organized in the fall of 1998 to expose, oppose, and litigate against collusion to control the price and supply of gold and related financial instruments. The committee arose from essays by Bill Murphy, a financial commentator on the Internet (LeMetropoleCafe.com), and by Chris Powell, a newspaper editor in Connecticut. Murphy's essays reported evidence of collusion among financial institutions to suppress the price of gold. Powell, whose newspaper had been involved in antitrust litigation, replied with an essay proposing that gold mining and investor interests should act on Murphy's essays by bringing antitrust lawsuits against financial institutions involved in the collusion against gold. The response to these essays was so favorable that the committee was formed and formally incorporated in Delaware in January 1999. Murphy became chairman and Powell secretary and treasurer.