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2014 was when ‘conspiracy theory’ became ‘conspiracy fact’ – GoldCore
TND Guest Contributor: Chris Powell |
The year 2014 was when “conspiracy theory” about gold market rigging became “conspiracy fact” as banks were found to have conspired to rig not only gold prices but also silver prices, currencies, and interest rates, GoldCore’s year-in-review commentary notes.
“Peculiar single trades or handfuls of trades leading to sudden gold and silver price falls continued in 2014 and contributed to gold’s and silver’s weakness,” GoldCore writes. “Price falls were often seen at times when markets were less liquid. As ever, price falls were driven by the futures market in electronic and increasingly computer-driven trading — despite no reports of any major liquidations of physical metal. Indeed, they often came at times of strong global physical demand.”
GoldCore’s year-end commentary is posted here:
http://www.goldcore.com/us/gold-blog/review-2014-gold-second-best-currency-13pc-eur-6pc-gbp/
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About Chris Powell:
Mr. Powell has been managing editor of the Journal Inquirer, a daily newspaper in Manchester, Connecticut, since 1974. He serves as the secretary/treasurer and a director of the Gold Anti-Trust Action Committee (GATA). Mr. Powell publishes GATA “dispatches” on stories relevant to the precious metals community: click here to access them and the GATA website. For additional information about precious metals, financial markets and the economy a 2 week free trial to GATA chairman Bill Murphy’s subscription service is available by clicking here. This article is reprinted on The News Doctors with permission.
Source: http://thenewsdoctors.com/2014-was-when-conspiracy-theory-became-conspiracy-fact-goldcore/
