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Mark O'Byrne: Market manipulation explains gold price plunge amid soaring demand
9:50a ET Thursday, August 15, 2013
Dear Friend of GATA and Gold:
In his daily commentary today at GoldCore, Mark O'Byrne contrasts the recent plunge in the gold price with the explosion in metal demand and explains the paradox this way:
"All available data shows very strong supply-and-demand fundamentals and yet a huge, historic 35 percent price fall in the quarter. This lends credence to the allegations of market manipulation put forward by the Gold Anti-Trust Action Committee, whistleblower Andrew Maguire, Max Keiser, Zero Hedge, and many others in the blogosphere."
O'Byrne's commentary is posted at GoldCore here:
http://www.goldcore.com/goldcore_blog/gold-jewelry-coin-bar-demand-53-an...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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