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Morgan manipulates gold market, maybe China does too, Casey's Bud Conrad says
12:04p ET Sunday, December 1, 2013
Dear Friend of GATA and Gold:
Maintaining grossly disproportionate positions in the gold futures market, JPMorganChase is manipulating the market and governments may be part of the manipulation, Casey Research's chief economist, Bud Conrad, tells Dan Ameduri of Future Money Trends in an interview done a few days ago at the Metals and Minerals Investment Conference in San Francisco and posted today. Conrad adds that a country that is accumulating gold -- presumably China -- might want to smash the futures price down to facilitate its acquisition of real metal, as by liquidation of shares in the gold exchange-traded fund GLD, a speculation recently offered by Eric Sprott of Sprott Asset Management in Toronto and William Kaye of Pacific Group in Hong Kong.
Conrad's interview with Ameduri is 11 minutes long and it's posted at Future Money Trends here:
http://futuremoneytrends.com/blog/?p=13729
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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