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Arensberg: Goldman's scare tactics failing; Maguire: Smashdowns spur offtake
3p ET Saturday, July 26, 2014
Dear Friend of GATA and Gold:
The Got Gold Report's Gene Arensberg writes today that Goldman Sachs' bearish calls on gold don't seem to be achieving much traction. Goldman and other big shorts in the monetary metals remain very vulnerable to a squeeze, Arensberg writes. His commentary is headlined "Goldman's Bearish Gold Call Tired, Comex Swap Dealers Squeeze-Vulnerable" and it's posted at the GGR here:
http://www.gotgoldreport.com/2014/07/goldmans-bearish-gold-call-tired-co...
Meanwhile at King World News, London metals trader Andrew Maguire says government agencies continue to bid stealthily for gold whenever the gold cartel tries smashing the paper price:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/7/26_Ma...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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