Gold Manipulation Is Out In the Open

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Gold Manipulation Is Out In the Open

How Long Can It Continue?



by Washington's Blog | May 27, 2014

We’ve noted for years – for example here, here and here- that gold prices are manipulation.

Europe & US Supress Gold Prices While China Hoards Gold Reserves Washington's Blog
Gordon Brown Sold Britain's Gold at Artificially Low Prices to Bail Out a Large American Bank Washington's Blog
Gold and Silver Prices Are Set In Libor-Like Daily Conference Calls Between a Handful of Big Banks Washington's Blog

We pointed out in January and February that gold manipulation is going mainstream.

Is a Major Gold Scandal Going Mainstream? Washington's Blog
Gold Manipulation Goes Mainstream Washington's Blog


At least one giant bank has been fined for manipulating gold prices. And see Caught Red-Handed: This Is What Zoomed In Gold Manipulation Looks Like.

http://online.wsj.com/news/articles...0 1424052702303480304579579360337255896.html
Caught Red-Handed: This Is What Zoomed In Gold Manipulation Looks Like | Zero Hedge

And public television channel 3sat – broadcast throughout Europe, and especially popular in Germany, Austria and Switzerland – addressed the issue head on:
3sat - Wikipedia, the free encyclopedia



Jim Rickards was asked how long the gold manipulation could continue now that the cat is out of the bag. He basically answered: until the physical shortage of gold leads to a large buy order not being filled; especially given the demand shock coming from China and India:

 

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