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Jim Roache
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Gold Basis Screwed - Antal E. Fekete - Gold University

..."the gold basis has been screwed and it has been giving bogus signals for more than a year. We have likely had backwardation all this time but it has been stonewalled. There is no real gold market any more. Goldman Sucks is playing with itself." There is not a market on the planet that is not rigged. The big banks in NY have been retained to keep the USD where the FED/Treasurey needs it to be while the propaganda machine grinds away. All of a sudden the maeket is screwwd? If by real market, you mean one that is not manipulated by the cartel (to use GATA's term), of course. That is not new. They may have changed up the game a little. They are paid a fee and their losses are covered - so it's easy for them. Several articles here are almost written in code. What does this mean for the spot price? What does it mean for the miners? Does it mean zero for fiat or gold?

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