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Schiff complains of gold market manipulation on CNBC; network lets it pass unremarked
10:30a ET Thursday, April 11, 2013
Dear Friend of GATA and Gold:
Interviewed yesterday by CNBC, Euro Pacific Capital's Peter Schiff did something we don't recall him ever doing: He speculated that the Federal Reserve is manipulating the gold price down and that Goldman Sachs' unfavorable prediction for gold this week was either part of that or a deception to assist the bank in obtaining gold cheaper.
Of course the CNBC host let the observation pass unremarked. The network isn't yet up to the challenge of merely telephoning the public information office at the Fed to seek access to the Fed's gold swap arrangements with foreign banks, its gold-related accounts with the Bank for International Settlements, and the records the Fed succeeded in withholding from GATA at the conclusion of our freedom-of-information lawsuit in U.S. District Court for the District of Columbia in 2011 (http://www.gata.org/node/9917), and then reporting the stonewalling.
All this stuff and a lot more --
http://www.gata.org/taxonomy/term/21
-- is lying around in plain view or is only clumsily concealed, and the gold price suppression scheme's only defense is the failure of financial journalism.
Schiff's speculation about gold market manipulation can be viewed at the CNBC video archive here:
http://video.cnbc.com/gallery/?video=3000160267&play=1
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
Future Money Trends is offering a special 16-page silver report with our forecast for 2013 that includes profiles of nine companies and technical analysis of their stock performance. Six of the companies have market capitalizations of less than $800 million and one company has a market cap of only $30 million. The most exciting of these companies will begin production in a few weeks and has a market cap of just $150 million.
Half of all proceeds from the sale of this report will be donated to the Gold Anti-Trust Action Committee to support its efforts exposing manipulation and fraud in the gold and silver markets.
To learn about this report, please visit:
http://www.futuremoneytrends.com/index.php?option=com_content&id=376&tmp...
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http://www.goldrush21.com/order.html
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http://gata.org/node/wallstreetjournal
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GoldMoney Reduces Storage and Exchange Fees
From April 1 GoldMoney will be reducing by a third its storage fees on gold stored at all VIA MAT vaults to just 0.12 percent per year and halving the cost of storing silver with VIA MAT Switzerland to bring it in line with GoldMoney's silver storage fees at other vault locations: 0.49 percent per year as the standard fee and 0.39 percent per year for more than 50,000 ounces of silver. In addition, GoldMoney's minimum storage fee will be reduced to only 0.001 grams per month for gold, platinum, and palladium, and 0.001 ounces per month for silver. In April GoldMoney also will be simplifying and reducing its metal-to-metal exchange fees. For the full details of these significant fee reductions, please visit:
http://www.goldmoney.com/lower-fees-overview?gmrefcode=gata
