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BlackRock stops issuing shares in gold ETF as demand explodes
10:54a ET Friday, March 4, 2016
Dear Friend of GATA and Gold:
Zero Hedge reports that BlackRock has suspended issuing shares in its gold exchange-traded fund because demand for real metal is outstripping supply:
http://www.zerohedge.com/news/2016-03-04/blackrock-suspends-gold-etf-iss...
BlackRock's own statement is posted at Business Wire here:
http://www.businesswire.com/news/home/20160304005402/en/Issuance-IAU-Gol...
Zero Hedge observes: "It appears the huge demand for physical gold (and lack of supply) is finally catching up with the manipulation of paper prices."
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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