Bron Suchecki: Yet another precious metal manipulation investigation

8:47a ET Friday, October 2, 2015

Dear Friend of GATA and Gold:

Perth Mint research director Bron Suchecki notes today that more than 20 reviews or investigations of gold market manipulation have been reported since 2013 but only the one involving a trader at Barclays has found such manipulation, and the Barclays case was pretty small.

But Suchecki also acknowledges suspicion "that central banks don't want regulators delving too deep into how these markets work."

Indeed, no investigation of the gold market means anything if it does not address these questions:

-- Are central banks in the gold market surreptitiously or not?

-- If central banks are in the gold market surreptitiously, is it just for fun -- for example, to see which central bank's trading desk can make the most money by cheating the most investors -- or is it for policy purposes?

-- If central banks are in the gold market for policy purposes, are these the traditional purposes of defeating a potentially competitive world reserve currency, or have these purposes expanded?

-- If central banks, creators of infinite money, are surreptitiously trading a market, how can it be considered a market at all, and how can any country or the world ever enjoy a market economy again?

Documentation responsive to these questions can be found here:

http://www.gata.org/node/14839

Suchecki's commentary is headlined "Yet Another Precious Metal Manipulation Investigation" and it's posted at the Perth Mint's Internet site here:

http://research.perthmint.com.au/2015/10/02/yet-another-precious-metal-m...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org