gata.org / CHRIS POWELL / Nov 24, 2016
Dear Friend of GATA and Gold:
In his latest marketplace letter, Tocqueville Gold Fund manager John Hathaway records that a outstanding of bullion after a U.S. presidential choosing concerned a transfer of futures contracts nominally homogeneous to dual years of production.
“We have celebrated on steady occasions,” Hathaway writes, “that quite suppositional paper exchange crush a cost of real-world earthy goods. In a view, price-disruptive distortions of this arrange (including line other than gold) are enabled and speedy by a eagerness of a Chicago Mercantile Exchange to foster high-frequency trade to build profitability.”
That seems to be as tighten as any important member in a financial markets can get to a emanate of strategy of a bullion market.
Hathaway records that a systemic risks to a world’s economy have not dead with a choosing and argues that “exposure” to bullion “may make some-more clarity than ever.” His minute is headlined “Trump’s Victory: What Does it Mean for Gold?” and it’s posted during a Tocqueville internet site here: