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Dave Kranzler: The gold supply on the LBMA is extremely tight
10:40p ET Thursday, September 24, 2015
Dear Friend of GATA and Gold:
Dave Kranzler of Investment Research Dynamics reports tonight that backwardation in gold and silver in the London market indicates tight supplies at current prices.
"I would suggest," Kranzler writes, "that today's $23 move up in the price of gold on Comex options expiry day -- an event on which gold is usually slammed hard in the paper market -- is a direct reflection of the growing scarcity of immediately available 'wholesale' gold bars that can be purchased on the global market."
Kranzler's analysis is headlined "The Gold Supply on the LBMA Is Extremely Tight" and it's posted at the IRD Internet site here:
http://investmentresearchdynamics.com/the-gold-supply-on-the-lbma-is-ext...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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