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Message: OTC derivatives a big issue for precious metals
Bron Suchecki: OCC gold derivatives chart wasn't wrong, just confusing

Submitted by cpowell on 05:30AM ET Thursday, July 2, 2015. Section: Daily Dispatches

8:25a ET Thursday, July 2, 2015
Dear Friend of GATA and Gold:

Perth Mint gold researcher Bron Suchecki writes today that he was mistaken this week --

http://www.gata.org/node/15501

-- when he wrote that the gold derivatives chart in the latest quarterly report from the U.S. Office of the Comptroller of the Currency was wrong and that as a result Zero Hedge had misconstrued the situation with gold derivatives.

The chart, Suchecki writes today, was just confusing and the OCC has agreed to clarify it. His analysis is headlined "Mea Culpa on OCC Derivatives" and it's posted at the Perth Mint's Internet site here:

http://research.perthmint.com.au/2015/07/02/mea-culpa-on-occ-derivatives...

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

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