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Secret central bank interventions are the worst market disruptions, Turk says
5:08p ET Monday, December 15, 2014
Dear Friend of GATA and Gold:
Secret central bank interventions are the reason for the withdrawal of a big commodity trading company from the gold market, GoldMoney founder and GATA consultant James Turk tells King World News today.
The trading company, Turk notes, said it was getting out of the gold business because it could not confirm the origin of the gold it was trading, but the gold likely was central bank gold.
"Central planners claim that secrecy is essential so that markets are not disrupted, which is not only misleading but totally spurious," Turk says. "The disruption to the market process that arises from the interventions of central planners is far worse than what would occur by disclosing to the public what central banks are doing and when they are doing it."
Turk's interview is excepted at the KWN blog here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/12/15_T...
Also at King World News, Canadian market analyst John Ing sees oil's price decline as a double boost to gold and gold miners:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/12/15_L...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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