by Peter Cooper, Gold Seek:
The manipulation of the gold price by global central banks was particularly blatant on Friday when the Bank of International Settlements orchestrated a $590 million sell order to put prices into reverse again, as brilliantly captured by the ZeroHedge website (click here).
It’s no secret that global central banks are keeping the lid on interest rates to try to stimulate an economic recovery, though they are proving far more effective at the former rather than the latter. But not so many people appreciate that in order to achieve this they also have to artificially manipulate gold prices down.
Please follow SGT Report on Twitter & help share the message.