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Former PPT member gives credence to gold market manipulation

IMG Auteur
Chris Powell
GATA
Published : June 07th, 2013
93 words - Reading time : less than a minute
( 1 vote, 1/5 ) , 1 commentary
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Philipa Malmgren, a former presidential assistant and former member of the President's Working Group on Financial Markets, better known as the Plunge Protection Team, acknowledges today in an interview with King World News that governments devaluing their currencies might have an interest in manipulating the gold market. Malmgren, now an adviser to large financial institutions, adds that many of her clients are wary about investing in gold because they believe it is subject to "heart-stopping" volatility from manipulation. An excerpt from the interview is posted at the King World News blog here:

http://kingworldnews.com/kingworldnews/KWN_Da...2013/6/7_For...
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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.
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overtheedge   6/8/2013 at 1:09 AM GMT
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"... we reported that day the massive 500 ton paper (gold sale) transaction that went through the market in a very short period of time, I think it was about 15 minutes."
That is in the transcript.

Maybe I can't read a simple CoT.

Do I detect a possible credibility gap?
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"... we reported that day the massive 500 ton paper (gold sale) transaction that went through the market in a very short period of time, I think it was about 15 minutes." That is in the transcript. Maybe I can't read a simple CoT. Do I detect a possibl  Read more
overtheedge - 6/8/2013 at 1:09 AM GMT
Rating :  1  0
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