Ronan Manly: Quantum leap for banks as ABN Amro questions gold price discovery


8:40p ET Friday, December 13, 2019

Dear Friend of GATA and Gold:

Bullion Star market analyst Ronan Manly today calls attention to a research paper by an analyst for the Dutch bank ABN Amro that acknowledges that there are two gold markets, the physical market and the paper market, the latter run by speculators who move the price around without regard to physical demand.

The paper, Manly notes, falls so far short of detailing the manipulation of the market by forces far bigger than "speculators," but, he acknowledges, it's a step toward reality.

Manly's commentary is headlined "Quantum Leap for Banks as ABN Amro Questions Gold Price Discovery" and it's posted at Bullion Star here:

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.


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