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Gold’s backwardation worsens despite rising price, James Turk tells KWN
TND Guest Contributor: Chris Powell
Gold’s price has been rising but its backwardation has been worsening, GoldMoney founder and GATA consultant James Turk tells King World News tonight, adding that while the war against gold by central planners remains fierce, they will lose just as they lost upon the collapse of the London Gold Pool in 1968. An excerpt from the interview is posted at the KWN blog here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/11/24_L…
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About Chris Powell:
Mr. Powell has been managing editor of the Journal Inquirer, a daily newspaper in Manchester, Connecticut, since 1974. He serves as the secretary/treasurer and a director of the Gold Anti-Trust Action Committee (GATA). Mr. Powell publishes GATA “dispatches” on stories relevant to the precious metals community: click here to access them and the GATA website. For additional information about precious metals, financial markets and the economy a 2 week free trial to GATA chairman Bill Murphy’s subscription service is available by clicking here. This article is reprinted on The News Doctors with permission.
Source: http://thenewsdoctors.com/golds-backwardation-worsens-despite-rising-price-james-turk-tells-kwn/
