Hugo Salinas Price, president of the
Mexican Civic Association for Silver, tells King World News tonight that yesterday's
smashing of the gold price was a central bank operation that should not deter
anyone from continuing to acquire the monetary metals.
Salinas Price says: "If I saw the
price declining little by little, day after day, that would be a worrisome signal.
That would mean the market is not eager to acquire more gold or silver, but
that's not the case. ... When I see that kind of collapse in gold, I know
it's not the natural market doing that. Nobody getting rid of their gold and
silver is going to dispose of it in that manner. They are going to do it
little by little. This seller was definitely not interested in losses. What
they were interested in was suppressing the price."
The interview is excerpted at the King
World News blog here:
CHRIS POWELL, Secretary/Treasurer