MineWeb's Lawrence Williams: Large supply deficit in gold is likely ahead
8:23a ET Wednesday, October 29, 2014
Dear Friend of GATA and Gold:
While the mainstream financial news media are determined to overlook it, MineWeb's Lawrence Williams writes, China and India alone appear to be taking each month more gold than is being produced. "All indicators suggest that there could indeed be a very large supply deficit building," Williams writes. He adds: "One day gold will surely take off but whether it's this week, next week, next month, next year, or 10 years' time remains open to question. It just depends on how long the big money, and perhaps governments, can keep playing the futures markets to keep commodity prices working to their advantage."
Williams' commentary is headlined "Hong Kong Gold Exports to China Pick Up Strongly But. ..." and it's posted at MineWeb here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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