The big scandal isn't government's market rigging but news media's ignoring it

Section:

1:29p ET Wednesday, November 9, 2016

Dear Friend of GATA and Gold:

As Donald Trump's election as president of the United States became apparent last night, Dow futures collapsed as much as 800 points and gold rose more than $50. But by this afternoon the Dow was up about 1 percent and gold had fallen back to a gain of barely a dollar.

What calmed things down so much?

No one can be sure without gaining access to the trades undertaken surreptitiously by central banks in the last 12 hours or so, but the result was entirely predictable and indeed was predicted by your secretary/treasurer, among others, when GoldSeek asked for comment early this morning:

http://news.goldseek.com/GoldSeek/1478703513.php

"In the morning," your secretary/treasurer told GoldSeek, "the Fed, the Treasury, and the other Western central banks will still be operating in the currency, bond, commodity, stock, and, yes, the monetary metals markets. If he's elected, Trump won't be giving instructions to the Fed and Treasury until January, if he even has any idea by then of the market rigging the government does. If he ever finds out, he still would have to care about it before the possibility of change arose. He well could be talked out of caring."

Similarly, GATA Chairman Bill Murphy linked the FBI's abrupt re-vindication of Hillary Clinton last week with the U.S. administration's desire to get the Dow back above 18,000 in advance of the election.

That governments intervene secretly in markets and are thereby destroying market economies and cheating investors everywhere isn't even the big scandal anymore. The big scandal is that mainstream financial news organizations won't report this intervention even as it becomes not just more obvious but spectacularly so.

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



ADVERTISEMENT

We Are Amid the Biggest Financial Bubble in History;
When It Bursts, Bullion Owned in the Safest Way Will Protect Wealth

With GoldCore you can own allocated -- and most importantly -- segregated coins and bars in Switzerland, Singapore, and Hong Kong.

Switzerland, Singapore, and Hong Kong remain extremely safe jurisdictions for storing bullion. Avoid exchange-traded funds and digital gold providers where you are a price taker. Ensure that you are outright legal owner of your bullion. If you do not own segregated bullion that you can visit, inspect, and take delivery of, you are exposed.

Crucial guides to storage in Singapore and Switzerland can be read here:

http://info.goldcore.com/essential-guide-to-storing-gold-in-singapore

http://info.goldcore.com/essential-guide-to-storing-gold-in-switzerland

GoldCore does not report transactions to any authority. Safety, privacy, and confidentiality are paramount when we are entrusted with storage of our clients' precious metals.

Email the GoldCore team at info@goldcore.com or call our trading desk:

UK: +44(0)203-086-9200. U.S.: +1-302-635-1160. International: +353(0)1-632-5010.

Visit us at: http://www.goldcore.com



Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16