by Chris Powell
GATA.org
Dear Friend of GATA and Gold:
Somebody smashed the gold price out of the blue today, with no particular news developments to explain it:
http://www.chartseeker.com/images/AU-24HR-LG.png?r=463917316745.4918
Zero Hedge asserts that the smash was accomplished by the dumping of $5 billion in paper gold:
http://www.zerohedge.com/news/2016-08-12/european-close-sparks-selling-p…
King World News charges that it was done by the Bank for International Settlements —