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Rand Refinery commentary cites gold market manipulation on Comex
8:30a ET Monday, July 13, 2015
Dear Friend of GATA and Gold:
The weekly gold market commentary written by David Levenstein of Lakeshore Trading in Rivonia, South Africa, and published today by the Rand Refinery in Germiston, South Africa, which claims to be the largest gold refining and smelting operation in the world, cites manipulation of the market "by bullion banks using Comex."
Levenstein writes: "Once again investors remain perplexed about the price action of gold, especially after Greece defaulted on its debt owed to the International Monetary Fund and imposed bank closures and capital controls amid its debt crisis. It seems the reasons for this have been the strong dollar, which many investors have turned to as a safe haven, and the apparent price manipulation by bullion banks using Comex."
Many investors may also be perplexed by the failure of gold mining and refining interests in South Africa and the South African government to do anything about this market manipulation. If they need any ideas about that, they can contact your secretary/treasurer.
The Rand Refinery commentary is posted at the company's Internet site here --
http://www.randrefinery.com/newsletters/RRL_Weekly_Gold_Report_20150713.pdf
-- and at GATA's Internet site here:
http://www.gata.org/files/RandRefineryCommentary-07-13-2015.pdf
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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