A Goldman Sachs alumnus continues to make frantic noise about GATA with this piece out last Friday…
Jeffrey M. Christian Responds to Chris Powell
by Jeffrey M. Christian April 23, 2010
http://www.financialsense.com/editorials/2010/0423.html
-END-
Clearly what transpired at the CFTC hearing is causing the man great emotional stress. First, he "mis-spoke" about how short positions in the US are hedged in London and had to be corrected by CFTC Chairman Gary Gensler. Then, not knowing Adrian Douglas was a GATA guy, he acknowledged what Adrian had to say about the leveraging of the physical gold market at the LBMA, but saying Adrian was too conservative with his assessment that it was 50 to 1 … that it was more like 100 to 1.
A friend of mine in South Africa said he was told that I would not debate Christian, who is now in the habit of constantly making that claim, which is as ludicrous as most everything else he is ranting about. From the producer of
www.financialsense.com
:
