Lars Schall interviews Jesse of Cafe Americain about gold and silver price suppression

11:58a ET Friday, September 27, 2013

Dear Friend of GATA and Gold:

Writing for Matterhorn Asset Management's Gold Switzerland Internet site, freelance financial journalist Lars Schall gets some pretty incisive observations from the proprietor of the popular Internet site Jesse's Cafe Americain. Among other things they discuss the nature of money, manipulation of the monetary metals markets, and international financial relations. Of manipulation of the monetary metals markets, Jesse says:

"I do not see how anyone who watches the tape can miss it. The sell-at-market of large numbers of contracts in quiet periods, what has been called the Dr. Evil strategy, is hard to miss. The intent is quite clear: to knock the price down for some period of time. A simple rule would suffice to stop this sort of abuse, but it does not happen. ... The manipulation of the silver market has the de-facto sanction of the government and the regulators who have turned a blind eye to it for so many years, so to admit it now would be awkward and embarrassing. The too-big-to-fail banks hold so much power because they can threaten systemic destruction, but they also 'know where the bodies are buried.'"

The interview is posted at the Gold Switzerland Internet site here:

http://goldswitzerland.com/we-are-seeing-an-all-out-defense-of-the-statu...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.