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Obviousness of gold market rigging helps central banks but there's a limit

From gata.org

Responding to your secretary/treasurer's observation Sunday that central bank and government interventions against gold have been becoming more obvious. Our friend C.W. writes that the more obvious interventions against gold become, the more effective they are. "As more investors see that the gold market is relentlessly and successfully suppressed," C.W. writes, "they (to quote Sam Goldwyn) 'stay away in droves.' The suppressors have found that there are no sanctions against their activities and so have concluded that the more widespread the belief that they are controlling the gold price, the better. That is why the ... (full story)

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  • Category: Fundamental Analysis