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Mike Ballanger: Deutsche Bank silver settlement -- GATA vindicated

Section: Daily Dispatches

1:26p SGT Friday, April 15, 2016

Dear Friend of GATA and Gold:

Deutsche Bank's confession to manipulating the gold and silver markets with other banks is vindication for GATA and repudiation for the organization's critics, Toronto broker and metals market analyst Michael Ballanger writes today.

While of course GATA is delighted with the development, Deutsche Bank's confession is even more a vindication for silver market analyst Ted Butler, who was exposing silver market manipulation even before GATA got into the business. GATA won't be able to claim full vindication until central banks and governments echo Deutsche Bank's confession in regard to the monetary metals and mainstream financial news organizations feel compelled to report what has been only obvious for many years.

Besides, mere claiming vindication won't actually bestow it. While the aphorism mistakenly attributed to Gandhi has often been cited as encouragement to GATA -- "First they ignore you, then they ridicule you, then they fight you, and then you win" -- our victory more likely will resemble Alfred E. Neuman's adaptation of the aphorism: "First they ignore you, then they ridicule you, then they fight you, and then they go back to ignoring you, explaining that everybody really knew all along what you were trying to tell them and that the joke is still on you."

Ballanger's commentary is headlined "Deutsche Bank Silver Settlement: GATA Vindicated" and it's posted at 24hGold here:

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.


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