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Dave Kranzler: Today's paper gold raid and fake financial journalism
2:37p ET Tuesday, April 23, 2019
Dear Friend of GATA and Gold:
Today's paper-market raid on gold was another instance of market manipulation, Dave Kranzler of Investment Research Dynamics in Denver notes, as the seller unloaded his mammoth position all at once rather than gradually, which would have enabled him to obtain better prices.
Of course we've seen such manipulative smashes a thousand times before, so Kranzler's commentary today may be more welcome for taking a crack at another oblivious market analyst at Kitco, Jim Wycoff, for his trying to contrive an explanation for the smashdown that fits with ordinary market action. Fairness to Wycoff requires noting that nearly all monetary metals market analysts are just as willfully blind lest they impugn their "technical analysis."
Kranzler's commentary is headlined "Tuesday's Paper Gold Raid and Fake Journalism" and it's posted at the IRD internet site here:
http://investmentresearchdynamics.com/tuesdays-paper-gold-raid-and-fake-...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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