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Having left Kitco for Stansberry, Cambone can abide mention of gold market rigging
8:56a ET Saturday, June 11, 2022
Dear Friend of GATA and Gold:
Daniela Cambone couldn't address gold market manipulation when she was doing interviews for Kitco News, and her successors there still can't, but this week, now that she is at Stansberry Research, she got around to it during an interview in Zurich with Commodity Discovery Fund manager and financial author Willem Middlekoop.
Cambone invited Middlekoop to explain why gold hasn't exploded with inflation along with other commodities, to which Middlekoop replied: "We know the gold price is managed by selling all these futures, all this paper gold, this silver, through the Comex" -- the New York Commodity Exchange. But, Middlekoop noted by way of a graph, the Comex lately has become much more of a physical market with a lot of metal being taken out of it.
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Then Middlekoop elaborated a bit uncomforably for Cambone.
"You've been in this industry for a long time," Middlekoop said. "In your previous job maybe you weren't allowed to discuss this. But there's a lot of paper out there and many of those ounces have been sold several times."
Cambone didn't dispute him.
Middlekoop, one of whose books is "The Big Reset -- The War on Gold and the Financial Endgame," also said he thinks an international financial reset involving gold is already under way, as indicated by renewed central bank purchases of the monetary metal and the steady increase of the gold price in many currencies besides the dollar. The dollar, he said, will be the last currency to yield to gold.
Cambone's interview with Middlekoop is 24 minutes long and can be viewed at YouTube here:
https://www.youtube.com/watch?
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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