by Chris Powell
Dear Friend of GATA and Gold:
Market analyst John Kim shows today how CME Group, operator of the major U.S. futures exchanges, including the Comex, has been changing margin requirements to knock down gold and silver prices and thereby discourage contract holders from taking delivery of metal. Kim adds that CME Group is even buying metal for its own account after changing margin requirements to push prices down.
Kim urges coin and bullion dealers to stop using futures prices in the pricing of their own products, so that the physical market destroys the paper market and its manipulations at last.