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Gold manipulation at record high: Strategist
Posted By admin On April 9, 2013 @ 4:37 am In 1,Money Watch | Comments Disabled
April 9, 2013
The U.S. government is influencing the price of gold to prop up its currency and bond markets, John Embry, Sprott Asset Management’s chief strategist tells BNN.
“The U.S. government, to protect their currency and their bond market, has been actively involved through proxies – the bullion banks primarily – and holding the gold price back,” John Embry tells BNN.
Embry notes that since bullion hit a record high above $1,900 US in August 2011, it has reversed more than 17 percent for no clear reason. Gold was trading at around $1,568 US an ounce in New York on Monday.
“The background news has been gold friendly. There is nothing in the news that says you should be selling your gold. Consequently there is this unseen hand in the market that has been forcing the gold and the silver price for that matter lower.”
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URL to article: http://www.prisonplanet.com/gold-manipulation-at-record-high-strategist.html
URLs in this post:
 BNN.ca: http://www.bnn.ca/News/2013/4/8/Gold-price-manipulation-at-all-time-high-Strategist-.aspx
 Gold hits record high $1,180 per ounce: http://www.prisonplanet.com/gold-hits-record-high-1180-per-ounce.html
 Gold Rises To Record Sterling High: http://www.prisonplanet.com/gold-rises-to-record-sterling-high.html
 Gold strikes new record high on US default fears: http://www.prisonplanet.com/gold-strikes-new-record-high-on-us-default-fears.html
 Gold rockets to record high above 1,150 dollars: http://www.prisonplanet.com/gold-rockets-to-record-high-above-1150-dollars.html
 Gold Rises to 18-Month High on Inflation Concern, Weaker Dollar: http://www.prisonplanet.com/gold-rises-to-18-month-high-on-inflation-concern-weaker-dollar.html
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