by Chris Powell, Gold Seek:
Gold advocate John Rubino writes this month that the gold market used to be manipulated by Wall Street traders “spoofing” the futures market, by commercial fabricators trying to trick hedge funds and other speculators in the futures market, and by Western central banks lending gold to bullion banks so they would sell it into the market to depress the price and thereby defend government currencies against competition from the monetary metal.
Only the latter manipulation has long-term impact, Rubino writes, and it ended in 2008 when other central banks turned from net sellers of gold to net buyers. If there is any manipulation left in the gold market, Rubino contends, it is now manipulation up:
Many people are sharing on social media that they have “canceled Disney+ subscription” due to Elon Musk’s comments on advertisers, including CEO Bob Iger.
After Binance’s settlement with the DOJ and the removal of its longtime leader Changpeng Zhao, one of the most important figures at Binance – Chief Compliance Officer Noah Perlman – is poised to have an outsized role over the activities of and data held by the world’s largest crypto exchange. Despite this, Perlman’s past ties from scandals ranging from FTX to Jeffrey Epstein have been entirely ignored by the mainstream media.
Our drunken sailors in Congress better head to the detox.
