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Gene Arensberg: Silver was sold Tuesday at $104 million per minute for 30 minutes
7:23p ET Friday, July 18, 2014
Dear Friend of GATA and Gold:
Gene Arensberg of the Got Gold Report writes tonight that on Tuesday this week, as the monetary metals came under attack again from out of the blue, with the only news being Federal Chairwoman Janet Yellen's expression of reluctance to raise interest rates, someone sold silver at the rate of $104.5 million per minute for 30 minutes, more than $3 billion worth.
Of course it was all paper silver, but still -- somebody had $3 billion to spend for silver price suppression and, perhaps, currency market support, and, as Arensberg adds, silver really didn't flinch all that much.
As your secretary/treasurer remarked Tuesday night --
http://www.gata.org/node/14210
-- central banks and their bullion bank agents no longer care about being caught rigging the monetary metals markets, which probably signifies a certain desperation.
Arensberg's commentary is posted at the Got Gold Report here:
http://www.gotgoldreport.com/2014/07/gold-and-silver-disaggregated-cot-r...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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