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Gold was only $10 away from 'commercial signal failure,' London trader says

posted on Oct 16, 2012 11:59PM

Gold was only $10 away from 'commercial signal failure,' London trader says

Submitted by cpowell on 05:12PM ET Tuesday, October 16, 2012. Section: Daily Dispatches

8:11p ET Tuesday, October 16, 2012

Dear Friend of GATA and Gold:

Bullion banks shorted gold madly last week because the rising price was within about $10 of triggering a "commercial signal failure" and making the gold market "disorderly," the King World News London trader source says in the second segment of his interview today. Presumably "disorderly market" means "free market." The second part of the interview is posted at the King World News blog here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/10/16_L...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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