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CME Group CEO calls gold wildly underpriced but feigns nothing to do with it

By: Chris Powell, Secretary/Treasurer, GATA

 -- Published: Thursday, 13 July 2017 | Print  | Disqus 

Dear Friend of GATA and Gold:

The TF Metals Report calls attention to an interview given today to Fox Business News by Terry Duffy, CEO of CME Group, operator of the major futures exchanges in the United States, in which Duffy said gold is underpriced by thousands of dollars per ounce. But Duffy attributes the underpricing not to the rigging of the futures markets by the governments and central banks that receive volume discounts for their surreptitious trading in CME Group futures contracts, about which Duffy surely knows --

http://www.gata.org/node/14385

http://www.gata.org/node/14411

-- but rather by the indifference of investors to political volatility around the world.

Of course any such indifference may be nurtured by government suppression of monetary metals prices on CME Group exchanges.

The TF Metals Report's report is headlined "Must-See Video" and it's posted here:

http://news.goldseek.com/GoldSeek/1499888991.php

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

Join GATA here:

New Orleans Investment Conference
Wednesday-Saturday, October 25-28, 2017
Hilton New Orleans Riverside Hotel, New Orleans, Louisiana
http://neworleansconference.com/

Mines and Money London
Business Design Centre
London, England, United Kingdom
Monday-Thursday, November 27-30, 2017
http://london.minesandmoney.com/

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

 


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 -- Published: Thursday, 13 July 2017 | E-Mail  | Print  | Source: GoldSeek.com

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