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Evidence of Alarming Government Manipulation In The Gold Market

Evidence of Alarming Government Manipulation In The Gold Market

We’ve seen unprecedented US government and Federal Reserve intervention in virtually all asset markets in the past decade, and all of them are pretty much out in the open…whether it be buying bonds, buying stocks, bailing out industries, and so forth. The US government even buys oil in the open market to fill the Strategic Petroleum Reserve, something we could see happening again soon given the dramatic fall in oil prices recently and the negative impact on domestic producers. But while these other interventions are freely disclosed to the public, no one in government seems willing to admit to interventions in the gold and silver markets. Why the secrecy, and why don’t the “powers that be” want to see a free gold market?

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Smart money keeps on buying gold: Paulson, Soros, Pimco … except for Warren Buffet

An interesting article appeared on the GATA website this weekend. Bill Murphy who is the chairman of GATA, did an interview 2004 with the magazine “Smart Money”. He shared his bullish expectations on the gold market back then, stating that the gold price would at least double. The magazine along with a New York fund manager did not believe in a positive outlook of gold. Now here is the interesting part: the magazine just published a followup article in which they admit they were wrong. That’s what they call integrity. We find it particularly interesting because there are some many bears out there whose ego’s are too big to admit […]

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