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

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Chris Powell

GATA

Published : October 19th, 2012

65 words - Reading time : less than a minute

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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...

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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.

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