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Tom Luongo: Gold soars as the Fed goes full MMonTy
By Tom Luongo
Money & Markets, Delray Beach, Florida
Friday, April 10, 2020
https://moneyandmarkets.com/gold-soars-as-the-fed-goes-full-mmonty-tom-l...
If you’re like me and you follow gold closely, you've been waiting for this moment for a long time. It's the moment where the Federal Reserve finally gave up the charade of being an independent actor and the lie that gold is not an important part of the global monetary system was shattered.
... Dispatch continues below ...
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For the past couple of weeks gold has been screaming that there is a problem with the physical market, that demand at current prices far outstripped available supply. The hint has been in the huge premium between the front month futures price and the spot price as gold trades in the forex markets.
It started before the end of March where the premium blew out to nearly $54 and was driven relentlessly down into the end of he month to suppress as many longs standing for delivery on the COMEX as possible. ...
... For the remainder of the commentary:
https://moneyandmarkets.com/gold-soars-as-the-fed-goes-full-mmonty-tom-l...
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Toast to a free gold market
with great GATA-label wine
Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.
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http://www.gata.org/files/GATA-4-wine-bottles.jpg
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http://www.gata.org/files/FayJWineryVarietals.jpg
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Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --
https://www.amazon.com/Rigged-Exposing-Largest-Financial-History/dp/1651...
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.
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