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Gold's fall attributed to Fed's unexpected restraint with bonds, and to intervention

IMG Auteur

Chris Powell

GATA

Published : September 26th, 2011

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FOLLOW : Federal Reserve Gold Market

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Category : GoldWire

Fund manager Michael Pento, interviewed by King World News, attributes the pullback in gold, silver, and commodities to disappointment that the Federal Reserve's latest bond market intervention didn't create more money and to intervention in the gold market by increasingly desperate central banks. You can find an excerpt from the interview at the King World News blog here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/9/25_Mi...

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Chris Powell 13 abonnés

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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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