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U.S. government -- er, JPM -- rescues Comex gold contract
1:20p ET Thursday, August 6, 2015
Dear Friend of GATA and Gold:
Zero Hedge reports that a U.S. government agency -- that is, JPMorganChase & Co. -- rescued the New York Commodities Exchange gold contract from a default this week with a massive reclassification of metal from the "eligible" to "registered" category of warehoused metal. Zero Hedge's report is headlined "JPMorgan Helps Comex Avoid Gold Depletion, Boosts Registered Gold By 78% Overnight" and it's posted here:
http://www.zerohedge.com/news/2015-08-06/jpmorgan-helps-comex-avoid-gold...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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