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David Brady at Sprott Money: China robs Comex of control of gold price
1:45p ET Friday, July 13, 2018
Dear Friend of GATA and Gold:
The close correlation of the gold price with the valuation of the Chinese yuan and the International Monetary Fund's Special Drawing Rights shows that China, not the New York Commodities Exchange, is now in control of the price of the monetary metal, money manager David Brady writes today at Sprott Money.
Brady asserts that China's control over these values is being maintained by coordination with the IMF and that it gives China more options in managing its trade war with the United States.
Brady's analysis is headlined "China Takes Control of Gold from the Comex" and it's posted at Sprott Money here:
https://www.sprottmoney.com/Blog/china-takes-control-of-gold.html
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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