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U.S. and China both might be manipulating gold down, Leeb tells KWN

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Published : December 08th, 2012
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Category : GoldWire





Fund manager Stephen Leeb today tells King World News that gold market manipulation has been made obvious by massive selling at illiquid moments, selling that could be undertaken only by an entity that wants the gold price down for some reason. Having motive and opportunity, Leeb adds, are the governments of the United States and China. Leeb also predicts that purchase of silver for investment purposes will be forbidden eventually, the metal becoming just too valuable for critical industrial purposes. An excerpt from the interview is posted at the King World News blog here:



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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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