Dear Friend of GATA and Gold:
In his November 16 edition, our old friend Jay Taylor, publisher of Jay Taylor's Gold, Energy, and Tech Stocks newsletter --
-- wrote extensively about gold market manipulation and credited GATA for proving it.
Taylor went on to present a chart of morning and afternoon gold price fixes from the London Bullion Market Association showing that the gold price has nearly always been knocked down during London trading, so much so that buying on the afternoon fix and selling on the morning fix long has been spectacularly profitable, while doing the opposite long has been spectacularly unprofitable.
Taylor asks: "How can it be that skimming profits every day by buying the PM fix and selling the AM fix the next day is possible if the LBMA paper market isn't rigged?"
With Taylor's kind permission, his November 16 letter's section on manipulation is posted in PDF format at GATA's internet site here:
http://www.gata.org/files/JayTaylorLetter-11-16-2018.pdf
CHRIS POWELL, Secretary/TreasurerGold Anti-Trust Action Committee Inc.CPowell@GATA.org* * *
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