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Robert Fitzwilson: Will world reject the West's paper-manipulated markets?
7p ET Sunday, October 12, 2014
Dear Friend of GATA and Gold:
Money manager Robert Fitzwilson of the Portola Group, writing at King World News, notes that unbacked futures contracts control the price of oil as much as they control the price of gold and silver. He argues that the recent decline in oil prices is not supported by supply and demand fundamentals for the real thing. Fitzwilson speculates about "the end of worldwide acceptance of Western paper-manipulated markets." His commentary is posted at KWN here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/10/13_C...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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