Paul Mylchreest: Long Nikkei / short gold -- profitable, dangerous, and missed by everybody?
3:41p GMT Thursday, December 4, 2014
Dear Friend of GATA and Gold:
Market analyst Paul Mylchreest of ADM Investor Services International Ltd. in London today published a report arguing that for more than two years gold has been pushed down as part of a two-pronged trade boosting the Japanese stock index, a trade hedging its gold short with silver futures. Such a trade, Mylchreest writes, would be both "cynical" and "really clever" even as it created systemic risk. Mylchreet's report is headlined "Long Nikkei/Short Gold -- Profitable, Dangerous, and Missed By Everybody?" and it has been posted at GATA's Internet site here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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