Zero Hedge: Gold GOFO rates turn negative for first time since Lehman


8:22a ET Tuesday, July 9, 2013

Dear Friend of GATA and Gold:

Zero Hedge offers evidence of unusual strain in the gold market, the most strain in five years. Zero Hedge speculates that the strain may arise from:

"-- An ETF-induced repricing of paper and physical gold.

"-- Ongoing deliverable concerns and/or shortages involving one (JPM) or more Comex gold members.

"-- Liquidations in the paper gold market.

"-- A shortage of physical gold for a non-bullion bank market participant.

"-- A major fund unwinding a futures pair trade involving at least one gold leasing leg.

"-- An ongoing bullion bank failure with or without an associated allocated gold bank "run."

"-- All of the above."

Zero Hedge's commentary is headlined "A Historic Inversion: Gold GOFO Rates Turn Negative for the First Time Since Lehman" and it's posted here:

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.


Jim Sinclair to hold seminars in July
in Chicago, Vancouver, and Scottsdale

Mining entrepreneur and gold trader Jim Sinclair is planning more seminars on his view of the markets and gold's prospects -- in Vancouver on Wednesday, July 10, and in Scottsdale, Arizona, on Friday, July 12. Details can be found at his Internet site,, here:

Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:

Or by purchasing a colorful GATA T-shirt:

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

To contribute to GATA, please visit: