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

Section:

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:

http://www.zerohedge.com/news/2013-07-08/historic-inversion-gold-gofo-ra...

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



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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, JSMineSet.com, here:

http://www.jsmineset.com/2013/06/13/chicago-vancouver-and-scottsdale-qa-...



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