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Failing to support his charge against GATA, financial letter writer changes subject
gata.org / CHRIS POWEL / December 17, 2015
Dear Friend of GATA and Gold:
Financial letter writer Avi Gilburt today offers a rebuttal to your secretary/treasurer’s response Tuesday (http://www.gata.org/node/16034) to his charge Monday (http://www.kitco.com/commentaries/2015-12-14/Confessions-of-a-Gold-Analy…) that GATA has taken out of context its documentation of largely surreptitious intervention in the gold market by central banks.
Rather than defend his charge by reviewing any of the supposedly misconstrued documents, which would require a little effort, Gilburt changes the subject and himself misconstrues GATA in several respects:
— Gilburt criticizes GATA for not being an investment adviser when your secretary/treasurer, rebutting him, proclaimed that GATA is not an investment adviser but an organization advocating free, transparent, and fair markets.
— Gilburt says GATA is mistaken to assert that fundamentals should control markets. But GATA has not asserted that. While fundamentals often do control markets, as when a commodity is exhausted and higher prices are necessary to spur supply, of course there may be other factors. GATA strives to identify another factor in the gold market, intervention by central banks.
The post Failing to support his charge against GATA, financial letter writer changes subject appeared first on Silver For The People.
Source: http://silveristhenew.com/2015/12/17/failing-to-support-his-charge-against-gata-financial-letter-writer-changes-subject/
