Tuesday, October 29, 2013

David Morgan Explains the Manipulation of the Precious Metals Market

Except for the grand government schemes of the past, I have generally discounted the notion that the gold/silver markets were manipulated, chalking it up traders trying to justify their losses. That is until the 2 million ounce bullion trade. Just for comparisons, the Central Fund of Canada, which for full disclosure I own and is the largest closed-end fund with direct gold and silver bullion exposure, owns just 1.7 million ounces of gold.

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