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GoldCore's O'Byrne: Bullion banks panicking amid shortage of metal
10:04a ET Wednesday, June 22, 2016
Dear Friend of GATA and Gold:
GoldCore's Mark O'Byrne, citing confidential "senior sources at the highest level of the gold bullion industry," writes today that "illiquidity" and "supply issues" have caused "panic" in the institutional gold market, with some bullion banks cautioning that they may have to suspend trading of physical gold.
O'Byrne's report is posted at GoldCore here:
http://www.goldcore.com/us/gold-blog/gold-lower-despite-panic-due-to-sup...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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