The Phaserl


Gold And Silver Shortages Become Acute – GLD Is Being Looted Again

by Dave Kranzler, Investment Research Dynamics:

GATA was the first in this country to warn, based on a historically very reliable source from London, that there would be acute shortages of gold and silver this fall at refiners in Europe. A few weeks later the mint announces that it is suspending sales of one ounce silver eagles until at least August. And it now looks like GLD is being looted.

At the same time, both gold and silver eagle sales in June went vertical in June. Last week the amount of gold withdrawn from the Shanghai Gold Exchange – 61.8 tonnes – was the 8th largest weekly withdrawal on record.

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