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Another market analyst suspects China is behind gold suppression now
10:43p ET Monday, December 16, 2013
Dear Friend of GATA and Gold:
Another market analyst suspects that China now has the motive and means to suppress the gold price using "paper gold" -- Stephan Bogner of Rockstone Research, who was interviewed today by Bryan Sylvester for The Gold Report. Bogner adds that gold and silver mining companies should start treating their products as money and bank some of it rather than quickly exchange it for government currency.
"Many exploration, development, and producing companies have millions of dollars of cash in the bank," Bogner says. "If they all bought bullion and stored it in an independent vault facility outside the banking system, that would put upward pressure on the price, which would benefit the companies."
Bogner's interview is headlined "Miners Should Launch a Gold Cartel or Risk Losing Everything, Advises Stephan Bogner" and it's posted at The Gold Report here:
http://www.theaureport.com/pub/na/miners-should-launch-a-gold-cartel-or-...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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