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Zero Hedge: Morgan corners gold with 60% of all U.S. gold derivatives
12:15p SRT Sunday, February 2, 2014
Dear Friend of GATA and Gold:
Zero Hedge reports today that JPMorganChase has cornered the gold market in part by owning more than 60 percent of the value of all gold derivatives in the United States, and questions why the U.S. Commodity Futures Trading Commission allows such a corner. Of course there's an easy explanation: Morgan's position is actually the U.S. government's position, as the Gold Reserve Act establishing the Exchange Stabilization Fund authorizes the U.S. government to rig not just the gold market but every market in secret. The Zero Hedge commentary is here:
http://www.zerohedge.com/news/2014-02-01/market-cornered-jpmorgan-owns-o...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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Jim Sinclair plans seminar in Austin
Gold advocate and mining entrepreneur Jim Sinclair will hold his next market seminar from 2 to 6 p.m. Saturday, February 8, at the Austin, Texas, Airport Hilton. Advance registration is required. Details for the Austin seminar are posted at JSMineSet.com here:
http://www.jsmineset.com/2014/01/02/austin-texas-qa-session-confirmed/