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The American Empire in a Changing World



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Thursday, July 19, 2012

''It's a fine line between gold manipulation and intervention''

From MineWeb

''Writing in his latest comprehensive treatise on gold and the gold market, Erste Bank's Ronald Peter Stoeferle comments that it is a fine line between intervention (usually a governmental/political interference) and manipulation (negative connotation in terms of "exerting influence"). The full 120-page report is available on Mineweb by clicking here.

This, in our view, is a very apposite comment on the situation as applied to the global gold and silver markets.  There are so many hugely interested parties in precious metals price movements - from both financial, and political ends that it would actually be remarkable if there was no manipulation or intervention of the gold and silver markets in particular - indeed many of the manipulators, or interventionists, would just not see it as such but as a normal part of their day-to-day business.''

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