gata.org / CHRIS POWELL / January 8, 2017
Dear Friend of GATA and Gold:
The London bullion dealers that colluded with the U.S. government in establishing the gold futures market for price suppression in 1974 have changed ownership since then, market analyst Lawrie Williams noted yesterday.
Williams, who does commentary for one of the bullion dealers cited in a cable from the U.S. embassy in London detailing that collusion, writes that the cited dealers no longer “exist in their original form nowadays, and, except perhaps for Mocatta’s successor, can no longer be considered part of any grouping that exerts any significant effect on the gold price today.”
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