Fund manager Leeb acknowledges gold price suppression in a big way

GATA

7:38a ET Tuesday, July 17, 2012

Dear Friend of GATA and Gold:

Interviewed today by King World News, fund manager Stephen Leeb not only comes over to the gold price suppression side but earns a dozen tinfoil hats by acknowledging that Western banks are leasing their customers’ supposedly “allocated” gold to help keep the price down, that the exchange-traded fund GLD can’t be trusted (he recommends the Sprott Gold Trust instead), and that the gold price will explode as banks “get scared that they are short too much gold.” A summary of the interview is posted at the King World News blog here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/7/17_Th…

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

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