TND Guest Contributor: Chris Powell |
Securities lawyer and market analyst Avery Goodman reports today that Goldman Sachs and HSBC continue to buy gold in metal form for their own accounts, and he construes the scheduled implementation of the “Volcker Rule” in July 2017 to mean that bullion bank attacks on the gold market through naked shorting will much diminish then. Goodman’s commentary is headlined “The ‘Big Long’ Gets Bigger as Goldman and HSBC Gobble Up Tons More Gold” and it’s posted at Seeking Alpha here:
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About Chris Powell:
Mr. Powell has been managing editor of the Journal Inquirer, a daily newspaper in Manchester, Connecticut, since 1974. He serves as the secretary/treasurer and a director of the Gold Anti-Trust Action Committee (GATA). Mr. Powell publishes GATA “dispatches” on stories relevant to the precious metals community: click here to access them and the GATA website. For additional information about precious metals, financial markets and the economy a 2 week free trial to GATA chairman Bill Murphy’s subscription service is available by clicking here. This article is reprinted on The News Doctors and Silver Doctors with author permission.