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Ted Butler: How prices get set
11:19a ET Thursday, September 1, 2016
Dear Friend of GATA and Gold:
Silver market analyst Ted Butler writes today that the futures markets for commodities in the United States now are so much bigger than their corresponding physical markets that they are controlling prices without regard to supply and demand for the real stuff.
The British economist Peter Warburton saw this coming back in 2001 with his prophetic essay, "The Debasement of World Currency: It's Inflation But Not as We Know It," which asserted that governments would use futures markets to destroy free markets and mask inflation:
Butler's commentary is headlined "How Prices Get Set" and it's posted at GoldSeek's companion site, SilverSeek, here --
http://www.silverseek.com/commentary/how-prices-get-set-15897
-- and at 24hGold here:
http://www.24hgold.com/english/news-gold-silver-how-prices-get-set.aspx?...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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