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Goldman's gold short call mocked by GGR's Arensberg
11:28p ET Wednesday, April 10, 2013
Dear Friend of GATA and Gold:
Gene Arensberg of the Got Gold Report today mocks Goldman Sachs' claim to be taking a short position in gold.
Arensberg writes: "Much more likely is that Goldman is already nearly maxed out on their short position for the yellow metal and, following the news from the Bank of Japan of massive new money printing, and following gold fetching up above its important $1,525 technical support, and needing new 'blood' on the short side, the Goldman gang felt the need to call in some public negative reinforcement."
Arensberg's commentary is headlined "Gold Prices Hit by Goldman Forecast Cut, Fed" and it's posted at the Got Gold Report here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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GoldMoney Reduces Storage and Exchange Fees
From April 1 GoldMoney will be reducing by a third its storage fees on gold stored at all VIA MAT vaults to just 0.12 percent per year and halving the cost of storing silver with VIA MAT Switzerland to bring it in line with GoldMoney's silver storage fees at other vault locations: 0.49 percent per year as the standard fee and 0.39 percent per year for more than 50,000 ounces of silver. In addition, GoldMoney's minimum storage fee will be reduced to only 0.001 grams per month for gold, platinum, and palladium, and 0.001 ounces per month for silver. In April GoldMoney also will be simplifying and reducing its metal-to-metal exchange fees. For the full details of these significant fee reductions, please visit: