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Allan Flynn: 'When gold goes above 1430, we whack it'

Section: Daily Dispatches

11:07a ET Wednesday, December 14, 2016

Dear Friend of GATA and Gold:

Gold researcher Allan Flynn today examines the electronic exchanges of bullion bank traders plotting their manipulation of the gold market, exchanges recently disgorged by Deutsche Bank to settle the anti-trust lawsuit against it in federal court in New York.

Flynn notes what seems to be a reference in the exchanges to the Bank of China, a government-owned operation. Flynn also finds it curious that while the exchanges disgorged by Deutsche Bank powerfully incriminate Union Bank of Switzerland, a 2014 Swiss government report about misconduct in the currency market by UBS overlooked the gold market.

There would be a more than plausible explanation for these angles: that, as GATA long has maintained, governments and central banks are the real parties in interest in rigging the gold and currency markets and so have been giving a pass to bullion banks and investment banks, which borrow gold from central banks for trading purposes, as long as the bullion banks and investment banks push the markets where governments and central banks want them to go.

Surreptitious trading by governments and central banks, direct and indirect, is the far bigger issue here, since governments and central banks are authorized to create infinite money and maintain the capacity for totalitarianism.

Flynn's analysis is headlined "'When Gold Goes Above 1430, We Whack It'" and it's posted at his internet site, Comex, We Have a Problem, here:

http://comexwehaveaproblem.blogspot.com.au/2016/12/when-gold-goes-above-...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org



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