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Bix Weir: HFT suspicions get close to the mother ship of gold and silver manipulation
7:16a ICT Wednesday, April 2, 2014
Dear Friend of GATA and Gold:
Newsletter writer Bix Weir notes that Virtu Financial, an instigator of the "high-frequency trading" now facing various investigations, was the only private company allowed to become an "authorized participant" in the gold and silver exchange-traded funds GLD and SLV. It's something that should give pause to investors in those doubtful vehicles. Weir's commentary is headlined "Michael Lewis Is SOOO Close to the Mother Ship of Gold and Silver Manipulation" and it's posted at his Internet site, Road to Roota, here:
http://www.roadtoroota.com/public/1359.cfm
Meanwhile Bloomberg News reports that Virtu Financial, itself under investigation, has postponed its initial public offering:
http://www.bloomberg.com/news/2014-04-01/virtu-said-to-delay-ipo-amid-fu...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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