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The Hows and Whys of Gold Price Manipulation | Peace . Gold . LOVE

The Hows and Whys of <b>Gold Price</b> Manipulation | Peace . Gold . LOVE


The Hows and Whys of <b>Gold Price</b> Manipulation | Peace . Gold . LOVE

Posted: 18 Jan 2014 06:54 AM PST

Central bank manipulation of precious metal prices—though gold leasing and fractional reserve lending—explained by Paul Craig Roberts and Dave Kranzler.

"Why does the Fed need seven years in which to return 20 percent of Germany's gold? The answer is that the Fed does not have the gold in its vault to deliver. In 2011 it took four months to return Venezuela's 160 tonnes of gold. Obviously, the gold was not readily at hand and had to be borrowed, perhaps from unsuspecting private owners who mistakenly believe that their gold is held in trust."

Well worth a read.

http://www.paulcraigroberts.org/2014/01/17/hows-whys-gold-pr...

<b>Gold</b> futures <b>chart</b> shows a spectacular take-off pointing to higher <b>...</b>

Posted: 17 Jan 2014 10:14 PM PST

Posted on 18 January 2014 with no comments from readers

Gold futures have shown a spectacular take-off, reported our friends at Agora Financial in their weekend missive. They have increased by over 35,000 contracts since the beginning of the month.

GoldMoney's Alasdair Macleod noted: 'As a general rule of thumb an increase in open interest on a rising gold price is bullish, indicating the bulls are back in charge.' Gold kept its shine last week to close at $1,252, the fourth consecutive week of higher prices, while silver advanced to $20.30 an ounce.

The bullish state of gold futures is shown in the following chart:

Posted on 18 January 2014 Categories: Gold & Silver
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