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Manipulation of Comex gold 'very visible,' Rickards tells Epoch Times
6:37p ET Saturday, February 8, 2014
Dear Friend of GATA and Gold:
Fund manager and author James G. Rickards tells The Epoch Times this week that "outright manipulation" is "very visible" in Comex gold futures prices.
"Between central bank manipulation through Comex futures and bullion banks dumping the physical and by cleaning out the GLD warehouse and the Comex warehouse for that matter," Rickards says, "there is a massive amount of gold that came on the market over and above normal supply trends, putting massive selling pressure on the Comex."
But the trend of investors to move gold from investment banks, where it can be "rehypothecated" to oblivion, to ordinary vaults outside the banking system is tightening the gold supply, Rickards adds.
His interview is posted at the Internet site of The Epoch Times here:
http://www.theepochtimes.com/n3/494029-interview-with-jim-rickards-gold-...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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