APR 4, 2018
Gold is the all-time, undisputed, flight-to-safety trade. When all market handbaskets appear to be in the express lane to hell, the gold price spikes.
In order to maintain the illusion of order and perpetuate the perception that nothing is really wrong, that everything will be just fine if we all calm down and go back to buying stocks, central banks have significant motivation to suppress the gold price.
As with any manipulation, it doesn’t work in the longer term and only serves to increase the coiled strength prior to price breakout when true supply/demand equilibrium returns.
Your secretary/treasurer was interviewed for about five minutes this morning by Bernie Lo and Akiko Fujita on CNBC Asia's "Squawk Box" program in Hong Kong, discussing the surreptitious daily interventions in the gold market by central banks and the Bank for International Settlements to suppress the monetary metal's price.
A well-edited excerpt from the interview, lasting almost three minutes, has been posted at the CNBC video archive and, remarkably, it includes your secretary/treasurer's indictment of mainstream financial news organizations for always refusing to question central banks critically about their secret interventions against gold.
CHRIS POWELL, Secretary/Treasurer, Gold Anti-Trust Action Committee Inc.
ORIGINAL SOURCE: CNBC Asia lets GATA secretary indict press for aiding gold rigging by central banks by Chris Powell at Gold Anti-Trust Action Committee on 4/3/18