Wednesday, August 17, 2016

Lawrence Williams: Banks forcing miners to hedge to help cover banks’ gold shorts?

December 31, 2013 by · Leave a Comment 


6:25p ET Tuesday, December 31, 2013

Dear Friend of GATA and Gold:

MineWeb’s Lawrence Williams writes today that bullion banks may be pressuring gold mining companies to hedge production to help rescue the bullion banks from short positions, but selling gold directly to Chinese companies at a premium may be a better deal. Williams’ commentary is headlined “Bullion Banks Forcing Hedging to Replenish Their Gold Stocks?” and it’s posted at MineWeb here:


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

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