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Mish Shedlock misrepresents GATA
1:07p ET Thursday, June 4, 2020
Dear Friend of GATA and Gold:
In his June 1 commentary, "Speculators Dump Gold But Price Goes Up Anyway" --
https://www.thestreet.com/mishtalk/economics/speculators-dump-gold-but-p...
-- market analyst and money manager Mish Shedlock grossly misrepresents GATA with this assertion:
"Many gold analysts, from the mainstream to fringe groups such as the Gold Anti-Trust Action Committee, claim that they can predict what the gold price will do by adding up annual fabrication and investment demand (as well as de-hedging demand by miners) and contrasting the resulting total with annual supply (mine supply, central bank selling, disinvestment and scrap). In short, they analyze the gold market in the same manner as they would analyze the copper market."
This is completely false and Shedlock provides no evidence for his assertion.
GATA does not claim that we can predict the gold price by calculating and integrating the variables Shedlock cites.
Rather, GATA exposes, documents, and challenges the government-instigated and underwritten manipulations of and interventions in the monetary metals markets, manipulations and interventions Shedlock never dares to acknowledge.
GATA's documentation is archived here --
http://gata.org/taxonomy/term/21
-- and much of it is summarized here:
If he ever gains any intellectual honesty, Shedlock is welcome to address it, document by document.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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