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Friday's smashing of gold was a BIS operation, von Greyerz tells KWN
3:50p ET Monday, January 11, 2021
Dear Friend of GATA and Gold:
In comments today at King World News, Swiss gold fund manager Egon von Greyerz says last Friday's nuking of the gold price was a Bank for International Settlements operation, signified by the sudden dumping of a huge amount of "paper" gold without any attempt to get a good price for it, a sale intended only to knock the price down.
But von Greyerz adds that the operation won't keep gold down for long. He also argues that President Trump is lucky that he lost the election and Joe Biden is unlucky that he won, because of the financial disaster ahead.
Von Greyerz's analysis is headlined "BIS Just Intervened in the Gold Market Because All Hell Is About to Break Loose in Financial Markets" and it's posted at KWN here:
https://kingworldnews.com/bis-intervened-in-the-gold-market-as-all-hell-...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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