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Dave Kranzler: Gold and silver are paper-slammed -- Is the system collapsing?
12:04p ET Tuesday, July 7, 2015
Dear Friend of GATA and Gold:
Dave Kranzler of Investment Research Dynamics today notes the latest "paper slam" of monetary metals prices and wonders if the world financial system is collapsing.
Kranzler writes: "How is it that day after day gold and silver get smashed when the New York Comex floor trading opens? Does it seem odd that all of a sudden, nearly every day for the last four-plus years at 8:20 a.m. ET all the world decides to unload paper gold and silver positions?
"How is it at all possible that the prices of gold and silver are collapsing like this when China has imported a record amount of gold in the first half of 2015? China and India combined are importing more gold than is being produced on a daily basis. India is importing by far a record amount of physical silver. These countries require the physical delivery of the metal they buy. It's not good enough for the bullion banks to offer free vault storage in London or New York. The misrepresentation of the true, intrinsic price of gold and silver by the New York and London paper markets is perhaps the greatest fraud in history.
"The criminality operating in the U.S. financial markets has become pervasive. The markets just ooze with unfettered theft and wealth confiscation. The government doesn't just 'look the other way.' The government is the criminal cartel. ..."
Kranzler's commentary is headlined "Gold and Silver Are Paper-Slammed -- Is the System Collapsing?" and it's posted at the Investment Research Dynamics Internet site here:
http://investmentresearchdynamics.com/gold-and-silver-are-paper-slammed-...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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