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Fund manager Leeb acknowledges gold price suppression in a big way
Published : July 18th, 2012
91 words - Reading time : less than a minute
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Interviewed  by King World News, fund manager Stephen Leeb not only comes over to the gold price suppression side but earns a dozen tinfoil hats by acknowledging that Western banks are leasing their customers' supposedly "allocated" gold to help keep the price down, that the exchange-traded fund GLD can't be trusted (he recommends the Sprott Gold Trust instead), and that the gold price will explode as banks "get scared that they are short too much gold." A summary of the interview is posted at the King World News blog here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/7/17_Th...

 

 

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Chris Powell

Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.
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