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The Aden Forecast: Gold manipulation is real
From The Aden Forecast for March 2020
By Mary Anne and Pamela Aden
Many of you have asked about gold and silver manipulation. This has always been a theory, and since a rising gold price reflects essentially bad news, it has become a report card for central banks, banks, and governments, and indeed it is a fact.
JPMorgan is being investigated for years of structured and pervasive cheating by the U. S. Department of Justice, and they have evidence charging several JPMorgan traders traders with crimes. Late last year a former trader pleaded guilty to manipulating the metals market.
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We see the same patterns with Deutsche Bank, Bank of America, and Goldman Sachs.
There have been many scandals over the years, like the forex rigging, the Libor scandal, and the London gold "fix," to name a few.
But Chris Powell of the excellent GATA group (www.gata.org) says manipulation is mainly done through the futures market and gold swaps and leases between central banks and bullion banks.
As investors, this means wild short-term swings should be measured carefully and it's not necessarily a reason to change your position.
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with great GATA-label wine
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Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --
https://www.amazon.com/Rigged-Exposing-Largest-Financial-History/dp/1651...
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.
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