Premiums reported offered to defer gold delivery

From GATA
5:25p ET Tuesday, December 8, 2009

Dear Friend of GATA and Gold:

Rick Ackerman's commentary tonight at GoldSeek quotes most interesting remarks from a friend who is a London gold trader and claims to have been offered a premium of 125 percent not to take delivery of September gold contracts because the LBMA's supply of real metal is so tight. Even if the trader meant a premium of 25 percent, the situation would be extraordinary and would support similar things reported anonymously lately. Also encouraging is the trader's reference to the concentrated short position in the metals run by JPMorganChase on behalf of the Federal Reserve to support the dollar.

Maybe word of the gold price suppression scheme really is getting around despite the near-blackout in the mainstream financial news media.

Ackerman's commentary is headlined "Will China 'Amnesty' Birth the Black Swan?" and you can find it at GoldSeek here:
Will China 'Amnesty' Birth the Black Swan
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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