Submitted by Tyler Durden on 07/11/2012 - 08:33 Bond British Pound Central Banks China Copper David Einhorn Dubai ETC Exchange Traded Fund India Iran LIBOR Middle East Money Supply Natural Gas Newspaper PIMCO Precious Metals Reuters Smart Money Transparency Turkey Twitter United Kingdom Wen Jiabao World Gold Council
A lack of transparency, a lack of enforcement of law and a compliant media which failed to ask the hard questions and do basic investigative journalism led to the price fixing continuing and the manipulation continuing unchecked on such a wide scale for so long - until it was exposed recently. Similarly, the gold market has the appearance of a market that is a victim of “financial repression”. Given the degree of risk in the world – it is arguable that gold prices should have surged in recent months and should be at much higher levels today. The gold market has all the hallmarks of Libor manipulation but as usual all evidence is ignored until official sources acknowlege the truth. However, like LIBOR the gold manipulation 'conspiracy theory' is likely to soon become conspiracy fact. It will then – belatedly - become accepted wisdom among 'experts.' Experts who had never acknowledged it, failed to research and comment on it or had simply dismissed it as a “goldbug accusation.” Financial repression means that most markets are manipulated today - especially bond and foreign exchange markets.
