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Patrick Heller: Monetary metals market data can't be trusted
11:08a ET Saturday, May 23, 2020
Dear Friend of GATA and Gold:
Writing this week for Numismatic News, Patrick Heller of Liberty Coin Service in Lansing, Michigan, notes the huge amount of misinformation surrounding the monetary metals markets. The situation is so bad, Heller writes, that even official data cannot be trusted.
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Heller cites the most recent questions put by GATA to the U.S. Commodity Futures Trading Commission, including whether the commission has ever audited the gold kept in vaults approved by the New York Commodities Exchange and reported to the commission as registered or eligible for sale and delivery. Those questions, like others GATA has put to the commission, have yet to be answered.
Heller's commentary is headlined "What Is Really Happening in Precious Metals Markets" and it's posted at Numismatic News here:
https://www.numismaticnews.net/article/what-is-really-happening-in-preci...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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