You are here
Metals Daily's Ross Norman reverses, now says there's 'no evidence' of gold market manipulation
8:52p Friday, April 23, 2021
Dear Friend of GATA and Gold:
What does Ross Norman, formerly chief executive officer of London bullion dealer Sharps Pixley, now CEO of Metals Daily, think about gold market manipulation?
Three years ago, in an interview with Grant Williams' Real Vision, Norman said "you betcha" when asked if central banks had an interest in manipulating the gold market, adding that while he didn't know if they were doing it, he thought they "probably" were:
https://www.gata.org/node/18169
... Dispatch continues below ...
ADVERTISEMENT
Buy metals at GoldMoney and enjoy international storage
GoldMoney was established in 2001 by James and Geoff Turk and is safeguarding more than $1.7 billion in metals and currencies. Buy gold, silver, platinum, and palladium from GoldMoney over the Internet and store them in vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom, taking advantage of GoldMoney's low storage rates, among the most competitive in the industry.
GoldMoney also offers delivery of 100-gram and 1-kilogram gold bars and 1-kilogram silver bars. To learn more, please visit:
http://www.goldmoney.com/?gmrefcode=gata
But in commentary for Metals Daily three weeks ago, headlined "Gold Trapped in a Self-Reinforcing Delusion" --
https://www.metalsdaily.com/link/316067/-ross-norman-gold-trapped-in-a-s...
-- Norman pulled a 180:
"That same narrow linear thinking in my view -- and this is where I disenfranchise many of you -- applies to those who maintain that the gold market is manipulated. My frustration is firstly that there is not only no evidence to support that view and less regard or critical thinking around the second-order effect of pushing the mantra. I have many personal friends who would not consider investing in gold because they believe the bullshit ... those morons pushing the line are working against their own interests, no matter the damage to the 'brand.'"
No evidence?
GATA cordially invites Norman to support his assertion by responding to the decades of documentation compiled here --
https://www.gata.org/taxonomy/term/21
-- and comprehensively summarized just a few weeks ago here:
https://www.gata.org/node/20925
Some of this documentation is quite current, like the analysis provided by GATA consultant Robert Lambourne of the monthly account statements posted by the Bank for International Settlements, which show the bank intervening surreptitiously in the gold market every month and probably every day on behalf of its central bank clients.
But Norman is not unique with his assertion that complaints of gold market manipulation are driving investors away from gold and that GATA is most objectionable because such complaints are bad for the gold business.
That is, GATA indeed is resented in the gold business for not being a tout like most people in the business. GATA both explains why the massive uncoverable short position in gold that long has been underwritten by central banks makes the monetary metal astoundingly prospective and why governments and central banks will do whatever they can, fair and unfair, to prevent the monetary metal from competing with their ever-depreciating currencies and fraudulent bonds.
News organizations are supposed to provide the facts and tell the truth, even when doing so is inconvenient. In his new position as the chief executive of a news organization Norman seems to have reverted to a tout, as if the business doesn't already have enough of those.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
* * *
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.
Here's what the bottles look like:
http://www.gata.org/files/GATA-4-wine-bottles.jpg
Buyers can compose their case by choosing as many as four varietals from the list here:
https://www.gata.org/files/FayJWineryVarietals.jpg
GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?
To order a case of GATA-label wine, please e-mail Fay J Winery at bagman1236@aol.com.
* * *
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 --
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
