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Robert Fitzwilson: Gold manipulation continues but retreat may have begun
8:04a ET Monday, February 10, 2014
Dear Friend of GATA and Gold:
Market analyst Robert Fitzwilson tells King World News today that while the manipulation of the gold and silver markets is "alive and well," the manipulators seem to have begun another retreat with gold.
Fitzwilson concludes: "The effect of the suppression of gold and silver prices has been to pressure the mining companies to acquire funding primarily from the banks. The banks then apply pressure to the companies to sell their output at the artificially low prices. If prices for gold and silver are in the early stages of a secular rise, the companies will once again be able to generate working and exploration capital from production that will enable them to escape from the iron grip of the banks. Under those circumstances we would expect the outperformance of the sector then to be just as spectacular as was the artificially induced decline of last year."
Fitzwilson's commentary is posted at King World News here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/2/10_Th...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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