Monday, April 12, 2010

Metal$ Are In The Pits

This article link was provided by the International Forecaster. Special thanks to Bob Chapman for his great research and newsletter. GCC

Trader blows whistle on Gold & Silver price manipulation

Last Updated: 4:33 AM, April 11, 2010

There is no silver lining to the activities of JPMorgan Chase and HSBC in the precious-metals market here and in London, says a 40-year veteran of the metal pits.
The banks, which do the Federal Reserve's bidding in the metals markets, have long been the government's lead actors in keeping down the prices of gold and silver, according to a former Goldman Sachs trader working at the London Bullion Market Association. LINK...


News like this will be bombarded with all kinds of opinions, denials, conspiracies and misunderstandings. This kind of information challenges the mainstream financial firms and media, and as a result it will be swept under the rug and dismissed as irrelevant. However we believe that at its core the people in the “know” will be forced to face the fundamental truth that GOLD is the currency of last resort. GCC