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Rick Rule sounds suspicious about gold market manipulation
5:12p ET Friday, August 22, 2014
Dear Friend of GATA and Gold:
Sprott Asset Management's Rick Rule told financial letter writer Jay Taylor this week that he doesn't want to believe in conspiracies to manipulate the gold market but is "very impressed by the amount of data" GATA has collected. (See http://www.gata.org/taxonomy/term/21.)
Rule said the heavy selling of gold and silver at illiquid times in the market suggests attempts to drive prices down. If the LIBOR interest rate could be manipulated, Rule added, it would be much easier to manipulate the gold and silver markets, which are much smaller.
The interview with Rule is, at this hour, the third item on the audio page of Taylor's Internet site here:
http://jaytaylormedia.com/audio/
Rule's comments on gold market manipulation begin at the 16:20 mark.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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