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HomeMetalsGold’s ‘strange behavior’ explained once more – Silver Doctors

Gold’s ‘strange behavior’ explained once more – Silver Doctors


It’s more than just smart and rational people believing in gold price manipulation…

by Chris Powell of the Gold Anti-Trust Action Committee (GATA)

Gold’s ‘strange behavior’ explained once more for Bloomberg News

Monday, May 9, 2022

Jared Dillian
c/o Bloomberg News, New York

Dear Mr. Dillian:

This is in response to your commentary today at Bloomberg about gold’s “strange behavior”:

https://www.bloomberg.com/opinion/articles/2022-05-09/personal-finance-gold-s-strange-behavior-shows-it-s-no-haven

You write that “lots of smart and very rational people believe that the price of gold is manipulated.” But it’s more than that. People believe this not so much because they are “smart and very rational” as because it has been extensively documented, as by my organization, the Gold Anti-Trust Action Committee Inc.

GATA long has detailed the U.S. government and allied government policy of constantly intervening, largely surreptitiously, against the monetary metal’s price through various mechanisms, primarily involving the futures markets and derivatives. An extensive summary of the price suppression and its objectives can be found here:

https://gata.org/node/20925

Mainstream financial news organizations, including Bloomberg, assist this policy by refusing to acknowledge and report the documentation and to question government agencies about the intervention, no matter how obvious the intervention becomes.

For example, please note that the U.S. Commodity Futures Trading Commission refuses to answer whether it has jurisdiction over manipulative futures trading undertaken by or at the behest of the U.S. government or whether such trading is authorized by the Gold Reserve Act of 1934 as amended since then. The CFTC has refused to answer this question not only for my organization but also for a member of Congress, U.S. Rep. Alex Mooney, R-West Virginia.

Refusing to answer it for you and Bloomberg, an international news agency, might be more of a problem.

Additionally, CME Group, operator of the major U.S. futures exchanges, maintains, in plain sight, a special mechanism for official but surreptitious manipulation of all its futures markets, its Central Bank Incentive Program. 

I know that pursuing such matters might pose risks for market analysts like yourself. But it would be public service on behalf of free and transparent markets, limited and accountable government, and fairness among nations, as well as fairness to ordinary investors.

Of course I’d be glad to provide more information.

Thanks for your consideration.

With good wishes.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
[email protected]

* * *

Toast to a free gold market 
with great GATA-label wine

Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA’s recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.

Here’s what the bottles look like:

http://www.gata.org/files/GATA-4-wine-bottles.jpg

Buyers can compose their case by choosing as many as four varietals from the list here:

http://www.gata.org/files/FayJWineryVarietals.jpg

GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?

To order a case of GATA-label wine, please e-mail Fay J Winery at [email protected].

* * *

Support GATA by purchasing
Stuart Englert’s “Rigged”

“Rigged” is a concise explanation of government’s currency market rigging policy and extensively credits GATA’s work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon —

https://tinyurl.com/3xt6uw66

— or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at [email protected].

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16





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