Gold is suppressed and likely will correct overnight, BMG's Barisheff tells USA Watchdog

Section:

7:45p ET Wednesday, June 22, 2106

Dear Friend of GATA and Gold:

Nick Barisheff, chief executive officer of Bullion Management Group in Canada, tells USA Watchdog's Greg Hunter today that the gold market is manipulated with paper gold, gold exchange-traded funds are mechanisms of price suppression, gold trading freely would be double its current price, and eventually the gold market will correct dramatically upward.

Barisheff adds that China's government likely has much more gold than it has reported officially and that much of that gold well may have come out of Western central bank vaults through leasing to bullion banks and sale into the market, thus becoming unrecoverable.

Barisheff says he is inclined to think that gold's upward price correction will happen overnight as "the big reset," the title of Willem Middlekoop's recent book on central banking's war against gold.

USA Watchdog's interview with Barisheff is 24 minutes long and can be watched at USA Watchdog here:

http://usawatchdog.com/massive-defaults-dramatic-increase-in-gold-nick-b...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org



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