$30,000 oz Gold?
A great read.
Adrian Douglas: The imminent failure of the second London Gold Pool
8:37p ET Wednesday, August 18, 2010
Dear Friend of GATA and Gold:
Manipulative selling of gold on the daily London PM fix has failed tosuppress the gold price since April 2009, when China announced that itsurreptitiously had accumulated a large gold reserve over the previousfive years, GATA board member Adrian Douglas disclosed today in astatistical study. Since then, Douglas finds, ever-increasing dumping ofgold in London by central banks and their bullion bank agents has beenhaving less and less effect on the gold price. He concludes that thesecond "London Gold Pool" -- a clandestine one, unlike the first -- isimminently facing a collapse identical to the collapse of the first asphysical gold demand overwhelms the ability or the desire of the marketriggers to provide the necessary metal. Douglas' study is titled "TheFailure of the Second London Gold Pool" and you can find it at GATA'sInternet site here:
https://www.gata.org/files/DouglasFailureOfSecondLondonGoldPool-08-18-201...
And at the Internet site of Douglas' Market Force Analysis letter here:
https://marketforceanalysis.com/articles/latest_article_081810.html
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.