London gold fix price manipulation confirmed by Australian researchers

Section:

8:44a ET Wednesday, October 8, 2014

Dear Friend of GATA and Gold:

Another statistical study has concluded that the bullion banks involved in the London daily gold price fixing long have manipulated the price, apparently front-running their clients' trades. The new study, published in the September issue of the Journal of Futures Markets --

http://onlinelibrary.wiley.com/enhanced/doi/10.1002/fut.21636/

-- was conducted by a Ph.d student at the University of West Australia in Perth, Andrew Caminschi, and his professor, Richard Heaney, and was described in a report published this week in Perth's newspaper, The West Australian. A PDF copy of that report is posted at GATA's Internet site here:

http://gata.org/files/WestAustralian-10-04-2014.pdf

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.



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