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Mike Ballanger: The Fed giveth and the bullion banks taketh away

Section: Daily Dispatches

2:30p ET Friday, June 17, 2016

Dear Friend of GATA and Gold:

Market analyst Michael Ballanger remarks today that while the Federal Reserve seems befuddled about interest rates, the gold price remains under the control of the Fed's bullion bank agents. He adds that more respectable analysts increasingly echo your secetary/treasurer's observation from eight years ago --

-- that there are no markets anymore, just interventions.

Ballanger's commentary is headlined "The Fed Giveth and the Bullion Banks Taketh Away" and it's posted at Streetwise Reports here:

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


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