Gold market manipulation injected uncomfortably into BNN interview

10:40a ET Tuesday, July 1, 2014

Dear Friend of GATA and Gold:

A market analyst for ScotiaMcLeod in Toronto, Jaime Carrasco, injected gold market manipulation into his interview on the "Market Call Tonight" program Friday on Business News Network in Canada.

"I think everybody now talks about gold particularly as being manipulated," Carrasco told BNN anchor Michael Hainsworth, who was uncomfortable with the subject but couldn't get Carrasco to stop talking about it. Carrasco explained his enthusiasm for gold as a matter of the vast oversubscription of the gold supply through paper claims at a ratio approaching 100 to 1 and the steady flow of Western gold to China through Switzerland.

Actually, of course, "everybody" these days does not talk about gold as being manipulated, at least not in public. While nearly everybody knows that central banks rig the gold market as comprehensively as they rig the government bond markets, and while GATA has voluminously documented that rigging --

http://www.gata.org/taxonomy/term/21

-- now that the entire world financial system rests on it, it is virtually a prohibited topic in the mainstream financial news media. Indeed, Hainsworth disparaged Carrasco's observations for having pushed the interview "down a rabbit hole" when an actual journalist might have construed them as inviting a little investigative reporting.

Let's see when Carrasco next turns up on BNN to be asked about gold.

Video of the gold section of his interview is archived at the BNN Internet site here:

http://www.bnn.ca/Video/player.aspx?vid=389315

Carassco begins to talk about gold at the 56-second mark.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.