Secret gold price suppression won't last much longer, Rickards tells King World News Submi

[PeacePlan]

Secret gold price suppression won't last much longer, Rickards tells King World NewsSubmitted by cpowell on Wed, 2011-11-09 18:32. Section: Daily Dispatches

1:30p ET Wednesday, November 9, 2011


Dear Friend of GATA and Gold (and Silver):

Geopolitical analyst James G. Rickards, who spoke at GATA's Gold Rush 2011 conference in London in August, today tells King World News that a second but secret London Gold Pool is being operated by Western central banks to suppress gold's price and that he doesn't expect it to surive more than two more years. An excerpt from the interview has been posted at the King World News blog here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/11/9_Ji...



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

 

[Gaddafi Duck]

Secret gold price suppression won't last much longer, Rickards tells King World NewsSubmitted by cpowell on Wed, 2011-11-09 18:32. Section: Daily Dispatches

1:30p ET Wednesday, November 9, 2011


Dear Friend of GATA and Gold (and Silver):

Geopolitical analyst James G. Rickards, who spoke at GATA's Gold Rush 2011 conference in London in August, today tells King World News that a second but secret London Gold Pool is being operated by Western central banks to suppress gold's price and that he doesn't expect it to surive more than two more years. An excerpt from the interview has been posted at the King World News blog here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/11/9_Ji...



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

Hoy...

These GATA people have GATA go.. All I can say to this is to research position limits and spot limits. If these "cartels" are REALLY managing the price of gold, then they're taking delivery which we know isn't happening. So if they're not taking delivery, their positions are limited to where they can't "corner a market" by the exchanges, then I'd love to hear GATA's explanation on how minority holders of futures positions are "manipulating" the gold market.

I don't think GATA even understands there's a hell of a lot more to the futures market than simply buying and selling futures contracts. If only it were that fuckin' simple.

 

[nbruno322]

King World News is great stuff, each interview and article should be mandatory for anyone wanting to keep up with the metals markets.