Gold manipulation is now so obvious it should embarrass the manipulators, Rickards says
8:30a HKT Friday, March 28, 2014
Dear Friend of GATA and Gold:
Fund manager, lawyer, geopolitical strategist, and author, the ubiquitious James G. Rickards, tells Sprott Money News this week that a forthcoming statistical study of prices on the New York Commodities Exchange demonstrates overwhelmingly that the gold price is manipulated and suppressed.
As described by Rickards, the study sounds similar to the one done by the late GATA board member Adrian Douglas in 2010:
"If I were running the manipulation," Rickards says, "I would actually be embarrassed at this point because it's so blatant."
Governments are involved in the manipulation, Rickards adds, and they work through the Bank for International Settlements, whose annual report, as GATA often has noted --
-- discloses that it intervenes in gold market constantly for its member central banks.
Indeed, Rickards says, he concurs with GATA that all major markets now are being manipulated, insofar as the Federal Reserve's manipulation of interest rates has the effect of "manipulating every market in the world, and therefore all the market signals we're getting are not really good signals. They're all the result of manipulation."
Rickards already had earned a tinfoil hat but for this one he gets a three-piece tinfoil suit and a whole collection of tinfoil ties.
Audio of the interview is 28 minutes long but there's a full transcript as well at the Sprott Money News Internet site here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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