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Handelsblatt, London Evening Standard note gold price manipulation study
11:25p ET Friday, February 28, 2014
Dear Friend of GATA and Gold:
Yesterday's Bloomberg News story reporting a study that found manipulation likely in the daily gold price fixing in London --
http://www.gata.org/node/13700
-- was reprinted today in the German financial newspaper Handelsblatt, headlined (translated from the German) "Banks Under Suspicion: A Decade of Manipulation in the Gold Market":
http://app.handelsblatt.com/finanzen/rohstoffe-devisen/banken-unter-verd...
Of course Handelsblatt, based in Dusseldorf, is the newspaper that happily got snookered by the German Bundesbank a week earlier when it interviewed a Bundesbank official about the slow pace of repatriation of Germany's gold from the Federal Reserve Bank of New York without asking a single critical question:
http://www.bundesbank.de/Redaktion/EN/Interviews/2014_02_19_thiele_hande...
The same study also was noted briefly today in the London Evening Standard:
http://www.standard.co.uk/business/business-news/libor-whistleblower-gol...
While the Bloomberg story and, apparently, the study itself let the Bundesbank and other Western central banks off the hook for their long policy of gold price suppression, at least gold market manipulation seems to be gaining legitimacy as an issue in financial journalism.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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