Pan Asia Gold Exchange welcomed for reducing influence of concentrated shorts
June 30, 2011 by goldguru · Leave a Comment
GATA
8:50p ET Wednesday, June 29, 2011
Dear Friend of GATA and Gold:
Cheviot Asset Management Investment Director Ned Naylor-Leyland, who will speak at GATA’s Gold Rush 2011 conference in London in August (http://www.gatagoldrush.com/), today has published at 24hGold a little welcoming essay for the new Pan Asia Gold Exchange in Kunming, China. Naylor-Leyland’s essay is accompanied by a video with comments from GATA heroes Adam Fleming, chairman of Wits Gold; Peter Hambro, chairman of Petropavlovsk PLC; and, apparently being seen in a public forum for the first time, London gold trader and CFTC whistleblower Andrew Maguire, who will make his first public address at Gold Rush 2011. Maguire says he expects the new Chinese exchange to reduce the impact of concentrated short positions in the gold and silver futures markets elsewhere.
Naylor-Leyland’s essay is headlined “Andrew Maguire Supporting Renminbi Contracts on the New Pan Asia Gold Exchange” and you can find it and the video at 24hGold here:
http://www.24hgold.com/english/news-gold-silver-andrew-maguire-supportin…
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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