by Chris Powell
Dear Friend of GATA and Gold:
Gold researcher Allan Flynn reports this week that the monetary metals market manipulation lawsuits filed against various banks in federal court in Manhattan seem likely to be dismissed by a very skeptical judge. Flynn’s analysis is headlined “Hanging by a Thread” and it’s posted at his Internet site, Comex We Have a Problem, here:
In GATA’s view these lawsuits won’t mean much unless they can implicate the primary parties in the rigging of the monetary metals markets, central banks using bullion banks as cover for their interventions.