Another manufactured selloff in gold and silver?

Jason Hamlin: Another manufactured selloff in gold and silver?

Submitted by cpowell on Sat, 2010-04-17 00:13. Section: Daily Dispatches

8:10p ET Friday, April 16, 2010

Dear Friend of GATA and Gold (and Silver):

Gold Stock Bull newsletter proprietor Jason Hamlin asks tonight: When did fraud by Goldman Sachs become news? Hamlin doesn't buy suggestions that the supposed involvement of gold-heavy Paulson & Co. in the latest allegation of fraud at Goldman Sachs had something to do with today's smashing of the precious metals. Rather, Hamlin writes, today was options-expiration Friday, "when the investment banks have a vested interest in making sure the call options they sold expire absolutely worthless. Given this context, one might be inclined to view today’s action as more than mere coincidence." Hamlin cites the revelations of GATA whistleblower Andrew Maguire at the March 25 hearing of the U.S. Commodity Futures Trading Commission as likely having more connection to what happened today. Hamlin's commentary is headlined "Options Expiration Friday -- Another Manufactured Selloff?" and you can find it at Gold Stock Bull here:

http://www.goldstockbull.com/articles/options-expiration-friday-another-manufactured-sell-off/

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