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GoldCore: Gold in manipulative selloff? Nice new year's gift
8:15a ET Friday, January 4, 2012
Dear Friend of GATA and Gold:
Today's commentary by GoldCore in Dublin notes the usual counterintuitive action with the gold price and raises the possibility of market manipulation.
"Bullion banks with large concentrated short positions," GoldCore says, "are using the pretext of the Federal Reserve minutes to manipulate the price lower, both to profit and to allow them to close out their significant short positions at more advantageous prices and possibly even go long. ... Gold has broken below the December low of $1,635/oz and below the 50-, 100-, and 200-day moving averages. However, technical analysis should be ignored in favour of fundamental analysis given that there are strong grounds for suspecting that the gold and silver markets are subject to manipulation by certain banks in the same way that interest rates were in the LIBOR manipulation."
GoldCore's commentary is headlined "Gold in Manipulative Selloff? Nice New Year's Gift" and it's posted at the GoldCore blog here:
https://www.goldcore.com/goldcore_blog/gold-manipulative-sell-nice-new-y...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
How to profit in the new year with silver --
and which stocks to buy now
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Join GATA here:
Vancouver Resource Investment Conference
Sunday-Monday, January 20 and 21, 2013
Vancouver Convention Centre West
Vancouver, British Columbia, Canada
http://www.cambridgehouse.com/event/vancouver-resource-investment-confer...
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GoldMoney adds Singapore vaulting option
In addition to its precious metals storage facilities in Hong Kong, Switzerland, Toronto, and the United Kingdom, now with GoldMoney you can store gold and silver in Singapore in a high-security vault operated by Brink's Singapore Pte Limited. To celebrate the launch of this storage option, GoldMoney is offering a discount on buy and exchange fees at this vault for any orders above US$10,000 (or the equivalent) until January 11, 2013. Tthe gold buy rate is 0.98%, while the silver rate is 1.99%. Metal exchanges into Brink's Singapore will also be discounted for this period and will be charged at 0.78% for gold and 1.75% for silver. Simply place your order online and the above rates apply automatically until January 11, 2013, 15.00 UK time. To find out more about the new vault, please visit:
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GoldMoney customers can take delivery of any number of gold, silver, platinum, and palladium bars from any GoldMoney vault, as well as personally collect their bars stored in the Hong Kong, Switzerland, and U.K. vaults.
It's easy to open an account, add funds, and liquidate your investment. For more information, visit:
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