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Short squeeze is ending gold suppression by derivatives, Macleod tells KWN
12:50p ET Wednesday, April 29, 2020
Dear Friend of GATA and Gold:
With infinite money now being created by the Federal Reserve, GoldMoney research director Alasdair Macleod tells King World News, bullion banks that are typically short gold are striving to close their positions and restricting their trading desks.
"The consequences for liquidity in gold and silver derivative contracts are dire," Macleod writes. "The means by which demand for gold and silver was diverted into infinitely expandable futures and over-the-counter markets to put a lid on their prices has finally run out of road."
A short squeeze, Macleod concludes, has begun.
His comments are posted at KWN here:
https://kingworldnews.com/alasdair-macleod-this-is-why-london-gold-pool-...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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