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Ronan Manly: London gold 'float" likely still tight despite claim of record inventory
9p ET Wednesday, January 13, 2021
Dear Friend of GATA and Gold:
While the London Bullion Market Association is reporting a record total of gold held in London-area vaults, Bullion Star researcher Ronan Manly writes today that the data is so obscured as to be practically meaningless. More likely, Manly suggests, the London gold "float" remains tight, with most of the vaulted metal not really available for trade.
Manly's analysis is headlined "Behind the Headlines of Record Gold Stocks in London Vaults" and it's posted at Bullion Star here:
https://www.bullionstar.com/blogs/ronan-manly/behind-the-headlines-of-re...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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