by Chris Powell
GATA.org
Dear Friend of GATA and Gold:
In his June 1 commentary, “Speculators Dump Gold But Price Goes Up Anyway” —
https://www.thestreet.com/mishtalk/economics/speculators-dump-gold-but-p…
— market analyst and money manager Mish Shedlock grossly misrepresents GATA with this assertion:
“Many gold analysts, from the mainstream to fringe groups such as the Gold Anti-Trust Action Committee, claim that they can predict what the gold price will do by adding up annual fabrication and investment demand (as well as de-hedging demand by miners) and contrasting the resulting total with annual supply (mine supply, central bank selling, disinvestment and scrap). In short, they analyze the gold market in the same manner as they would analyze the copper market.”