In commentary at King World News, Michael Oliver of Momentum Structural Analysis sees the recent lockdown of the gold price as evidence of market manipulation:
http://kingworldnews.com/michael-oliver-consp...-would-use-t...
Interviewed by USA Watchdog's Greg Hunter, former Assistant Treasury Secretary Paul Craig Roberts couldn't be more direct about it. "The markets are all rigged," Roberts says. "So when you try to look at the markets in traditional ways such as price-earnings ratios, earnings growth, sales growth, or any things like this, they don't know anything because the Federal Reserve has probably the largest trading desk in the world. They can trade anything, in fact, everything, and they have no limits on their pocketbook. ...
"For the Fed to protect the dollar's exchange value from the massive outpouring of dollars that the Fed created to buy all the bonds, they had to stop the dollar from falling in relation to gold. So they have to sell massive amounts of gold shorts in the futures markets. This is how they knock the gold price down. ..."
Roberts' interview is posted at USA Watchdog here:
http://usawatchdog.com/fake-news-list-deat...ul-craig-rob...
