Central banks are full of disinformation on gold

J.S. Kim: Central banks are full of disinformation on gold

Submitted by cpowell on Tue, 2009-04-28 12:53. Section: Daily Dispatches

8:48a ET Tuesday, April 28, 2009

Dear Friend of GATA and Gold:

In commentary posted today at Seeking Alpha, market analyst J.S. Kim, editor of the SmartKnowledgeU investment letter, notes the disinformation distributed about gold by central banks. Kim speculates that China's announcement last week that it has accumulated 1,054 tonnes of gold reserves is disinformation too -- that China actually has accumulated much more gold than that. Kim's commentary is headlined "World Gold Markets: How Lack of Transparency Translates into Poor Analysis" and you can find it at Seeking Alpha here:

http://seekingalpha.com/article/133504-world-gold-markets-how-lack-of-tr...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.