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Canaccord Genuity portfolio manager acknowledges gold price suppression
11:16a ET Sunday, January 17, 2021
Dear Friend of GATA and Gold:
Has any executive at the big Canadian investment house, Canaccord Genuity in Vancouver, ever publicly acknowledged gold price manipulation and suppression? We don't recall any, but there is one now.
Interviewed last week by Tom Bodrovics of Palisades Radio, Canaccord Genuity vice president and porfolio manager Jaime Carrasco said gold is being prevented from registering inflation as copper is doing because of gross manipulation in the futures market. Carrasco cites the abrupt dumping of thousands of gold futures contracts within a few minutes as obvious efforts to smash the price rather than to make money by selling gradually into a rising price.
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Carrasco is confident that gold will defeat such manipulation eventually. He offers no judgment on how many of us will live long enough to see that day, but let's hope that someone who acknowledges the obvious at a respectable financial firm as Carrasco does can hold on to his job long enough to be vindicated.
Carrasco's interview is headlined "Copper Signals Inflation as Gold Remains Suppressed," is 38 minutes long, and can be heard at Palisades Radio here:
https://palisadesradio.ca/jaime-carrasco-copper-signals-inflation-as-gol...
The discussion of gold price manipulation begins at the 16:47 mark.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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