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Dave Kranzler: Prelude to a 2008 event -- paper gold manipulation intensifies

Section: Daily Dispatches

12:42p ET Thursday, July 19, 2018

Dear Friend of GATA and Gold:

Gold has been smashed for two months in the paper markets in London and New York, Dave Kranzler of Investment Research Dynamics writes today, to protect the U.S. dollar and particularly the exploding volume of dollar debt and derivative-laden Deutsche Bank.

Kranzler adds: "And has anyone checked gold lease rates lately? Currently the lease rate curve for gold and silver in London is inverted. Long-timers like me know that this means there's an immediate and anticipated shortage of physical gold and silver available for delivery, where 'delivery' means the metal is removed from the London vaults and shipped to the entitled buyer.

... Dispatch continues below ...


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"Both gold and silver are backwardated. It took 11 iterations in the LBMA p.m. fix on Tuesday to balance the heavy demand for physical gold from bidders. Eleven iterations make for a rare occurrence. Five or six iterations are rare. One or two is typical. Metal is tight in London."

Kranzler's analysis is headlined "Prelude to a 2008 Event: Paper Gold Manipulation Intensifies" and it's posted at IRD here:

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

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