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Today's gold price suppression will end as London Gold Pool did, Turk tells KWN
8:39p ET Tuesday, May 27, 2014
Dear Friend of GATA and Gold:
Recent long periods of backwardation in gold show that central banks are losing their battle against gold as they did when the original London Gold Pool collapsed in 1968, GoldMoney founder and GATA consultant James Turk tells King World News tonight.
"That the gold market has been in backwardation on so many occasions, and in many cases remained in backwardation for extended periods, just shows how unhealthy the market has traded because of paper manipulation," Turk says. "The Western central planners and their agents at the bullion banks have had an ongoing war against gold for a long time now, and the tide may finally be turning against them, despite today's downdraft."
Turk's interview is excerpted at the King World News blog here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/5/27_Ja...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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