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To: Goose94 who wrote (21921)8/31/2016 7:53:22 AM
From: Goose94Read Replies (1) | Respond to of 205721
 
No one can ask why gold isn't keeping up with central bank balance sheets

A market note by two market analysts for Deutsche Bank, publicized Monday by a few news organizations, including Business Insider (see below), observed that gold's price ordinarily correlates with central bank balance sheets but that lately it has not been keeping up with the vast expansion of those balance sheets.

Unfortunately if predictably, the analysts don't inquire into the seeming breakdown of this correlation, perhaps because such inquiry might lead them to the largely surreptitious intervention in the gold market by central banks and particularly their underwriting the huge gold derivatives business, in which paper claims to gold that doesn't exist take the place of ownership of real metal.

That central bank activity remains a highly prohibited subject among mainstream market analysts and mainstream financial news organizations alike.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

Gold Is Doing Something It Has Done Only Twice in the Past Decade businessinsider.com