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Gold price suppression is mentioned without a sneer at Kitco
4:17p HKT Friday, April 8, 2016
Dear Friend of GATA and Gold:
You don't need another interview with fund manager, financial letter writer, and geopolitical strategist Jim Rickards about his new book, "The New Case for Gold," but his interview Thursday with Daniela Cambone of Kitco News is notable for showing that gold price suppression suddenly can get mentioned at that Internet site, and even mentioned without prompting a sneer.
Kitco's summary of the interview says of Rickards, "He suggests that China is suppressing the gold price through the Comex market in order to build up more physical supplies."
Rickards adds that "there's this big stealth game going on with gold" as central banks facilitate flow of the metal to China to allow that country to hedge the U.S. dollar debt position in its foreign exchange reserves, but central bankers don't want to talk about it.
Gold price suppression is raised by Cambone at the 2:50 mark in the video of the interview, which can be seen at Kitco here:
http://www.kitco.com/news/video/show/Kitco-News/1233/2016-04-07/How-Badl...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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