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Maguire sees huge gold offtake; Jaitly says price suppression will backfire
1:30p ET friday, September 26, 2014
Dear Friend of GATA and Gold:
London trader Andrew Maguire tells King World News today that the recent pounding of the gold price in the futures markets has resulted in offtake of about 650 tonnes of real metal in the last month:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/9/26_Ma...
And fund manager and economist Sandeep Jaitly tells the Mexican financial journalist Guillermo Barba that gold price suppression by central banks will backfire by encouraging people to hoard more metal at discounted prices:
http://inteligenciafinancieraglobal.blogspot.mx/2014/09/nothing-is-norma...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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