You are here
David Jensen: Detonation of the LBMA -- it wasn't Brexit, Governor Carney
9:25a ET Tuesday, July 5, 2016
Dear Friend of GATA and Gold:
The Bank of England has been suppressing gold prices by facilitating the London Bullion Market Association's creation of unbacked "paper gold" but the market has figured out the scheme and may be about the destroy the LBMA, market analyst and mining executive David Jensen writes.
"Leverage works in both directions," Jensen writes. "The end result is spiking metals prices, interest rates, and consumer goods prices (inflation) as wealth flees from market artifice into goods of innate value coupled with market and social upheaval as discontinuous interest rate movements disrupt the hundreds of trillions in the interest rate derivatives market and collapse the global banks that hold them."
Jensen's analysis is headlined "Detonation of the LBMA -- It Wasn't Brexit, Governor Carney" and it's posted at 24hGold here:
http://www.24hgold.com/english/news-gold-silver-detonation-of-the-lbma--...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
A Contrarian's Call Option on Gold
Sandspring Resources' Toroparu project in Guyana is the fourth-largest gold deposit in South America held by a junior mining company.
Experienced backers of Sandspring Resources include Silver Wheaton, the John Adams / Energy Fuels group in Denver, and Frank Giustra's Fiore Group in Vancouver.
A 2013 preliminary feasibility study shows strong economics for this large-scale mine at US$1,400 gold. With a current gold price below US$1,300, Sandspring is for investors who believe that gold price suppression will be overcome.
For a detailed report on Sandspring Resources by Tommy Humphreys of CEO.CA, please visit:
https://ceo.ca/@tommy/a-ten-million-ounce-call-option-on-gold
Join GATA here:
New Orleans Investment Conference
Wednesday-Saturday, October 26-29, 2016
Hilton New Orleans Riverside
New Orleans, Louisiana
http://neworleansconference.com/
Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:
https://jeffersoncompanies.com/landing/2014-av-powell
Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:
http://www.goldrush21.com/order.html
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
http://gata.org/node/wallstreetjournal
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
