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James Turk at KWN: What just happened in the gold market is no accident
11:45a ET Monday, June 8, 2020
Dear Friend of GATA and Gold:
GoldMoney founder James Turk notes today in commentary at King World News that the price of gold was pushed down to $1,680 just prior to the April and June meetings of the Federal Reserve's Open Market Committee, and he thinks this is no coincidence.
Turk writes: "A rising gold price is a warning signal that inflation or other monetary debasements are eroding the purchasing power of fiat currency. Gold reacts quickly when monetary problems begin developing. So central bankers want to keep the gold price capped, thereby freeing them to print fiat currency without immediate consequences being noticed. ...
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"So it looks to me that taking the gold price down a second time to $1,680 was done on purpose. It gives a green light to the Federal Open Market Committee that they can keep printing."
Turk also makes several suggestions to gold investors for defeating this market rigging.
His remarks are headlined "What Just Happened in the Gold Market is No Accident" and it's posted at KWN here:
https://kingworldnews.com/james-turk-what-just-happened-in-the-gold-mark...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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