by Chris Powell
Dear Friend of GATA and Gold:
In commentary yesterday market analyst and newsletter writer Martin Armstrong minimized and misrepresented Deutsche Bank’s admission that it manipulated the gold and futures derivatives markets with other banks.
Purporting to answer a subscriber’s question —
— Armstrong wrote that the crowing being done by “gold bugs” about Deutsche Bank’s admission “is rather pathetic. It demonstrates how ignorant they are about trading and the marketplace.”