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Did single entity trigger gold plunge?
11a ET Monday, April 15, 2013
Dear Friend of GATA and Gold:
Ross Norman at bullion broker Sharps Pixley and Mark O'Byrne at gold dealer GoldCore seem to think that the gold plunge may be largely the work of shorting by a single entity.
Norman's commentary is posted at Sharps Pixley's Internet site here:
http://news.sharpspixley.com/article/ross-norman-gold-crushed-by-400-ton...
O'Byrne's is at GoldCore's here:
https://www.goldcore.com/goldcore_blog/massive-20-billion-paper-gold-sel...
In any case, gold investors can count on the silence of the World Gold Council and most gold and silver mining companies, which surely will accept their devastation with their usual indifference to their shareholders.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Fred Goldstein and Tim Murphy open All Pro Gold
All-Pro Gold, run by long-time GATA supporters Fred Goldstein and Tim Murphy, offers its services to GATA supporters and anyone else interested in precious metals. The company brokers a full line of precious metals and numismatic coins. It aims to inform prospective clients about the importance of the monetary metals as part of a diversified financial portfolio and to keep prospective clients current with market trends. All-Pro Gold has competitive pricing and ships promptly to clients so they may have physical possession. Learn more by e-mailing Fred@allprogold.com or Tim@allprogold.com or telephone 1-855-377-4653 or visit www.allprogold.com.
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