If you’ve ever suspected the gold market is being manipulated, you’re not alone – and you’re right, it is.
Money Morning Chief Investment Strategist Keith Fitz-Gerald explained to readers gold price manipulation back on March 5, 2013:
“Central banks and traders (especially the big ones acting on behalf of mega hedge funds, large-scale private funds, and institutions) can push gold prices higher – or lower,” Fitz-Gerald wrote. “The financial markets are like a football game in that there is a constant flow of energy between participants. And the ‘manipulation’ works in both directions, especially when it’s being orchestrated by the Fed and other central banks in the name of political expediency.”
Now it appears China and Russia have had enough of Western central bankers’ clandestine gold price manipulation to prop up the U.S. dollar.
The countries have started to create their own gold market, separate from the West…
The post China, Russia Create Own Gold Market to Take Down U.S. Dollar appeared first on Trunews:.
from Trunews: http://ift.tt/1HYVHak
via IFTTT
No comments:
Post a Comment