Bill Downey "How the Gold market was crashed"

UPDATED 18th April 2013: IMPORTANT The key element in the reported story about 'the platform shutting down' has not since been substantiated. The Fundamental View blog did a followup on this story, and is recommended reading. Moral of the story: 'one specific trader's internet woes does not reflect the industry at large and needs to be tested and validated just like any other piece of information, regardless of the emotive surroundings at the time'.

http://thefundamentalview.blogspot.com.au/2013/04/shedding-light-on-how-gold-market-was.html

But please also view our own comments section here which explains our rationale behind publishing this material (and also keeping the post published). We like to consider all viewpoints and raise discussion.

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This is a follow up post from "How to crash a market" which raised more than a few eyebrows.
Put on your smoking jacket. Pour yourself a scotch. Put your feet up on a cowering servant or submissive and read on.
L.C.

How the Gold Market was Crashed By Bill Downey

There’s been a recent huge draw down of physical gold at the New York COMEX and at the JP Morgan Chase depository. Look at the physical market draw down on the charts below. It has taken a drastic plunge.

HOUSTON -- we have a problem.

Physical inventory draw down at JPM