The Phaserl


Why theorize and philosophize about gold when the facts are available?

by Chris Powell, GATA:

Dear Friend of GATA and Gold:

Writing today for Casey Research’s International Man letter, Jeff Thomas gets all theoretical and philosophical about the possibility of manipulation of the gold market, concluding — without, of course, citing any particular evidence — that manipulation probably happens but only in an incidental way and only by happenstance when a couple of people with similar interests get together privately to advance their interests against the interests of others:…

Maybe Thomas’ commentary can be regarded as a small step by Casey Research away from its general position that complaints about gold market manipulation are nonsense, much like the step taken the other day by 321Gold’s Bob Moriarty, who, after years of disparaging complaints of gold market manipulation, wrote that all markets are manipulated and investors should just get over any resentment of manipulation of the gold market in particular:

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