Christopher Laird:
"I personally believe in gold manipulation, but have had the view that it can be done within the context of general market moves only. Gold cannot be totally suppressed without an unlimited supply of bullion to sell*....
[Bill] Murphy [of GATA] and I came to a conclusion that it is possible that there is super heavy handed gold manipulation at this particular juncture because there is becoming less and less bullion to dump to suppress the price. Therefore- a panic that the gold price could just be about to get out of hand. If they don’t act very heavy handed now, it will get beyond their control. Hence gold is heavily manipulated down on bullish news.
...I surmise that holders of gold can be found who will go ahead and sell the bullion with sweet quid pro quo deals, made possibly initially in dollars, but within the day some prime real asset is exchanged at the end of the day for a fantastic price.
...there appears to be a ‘message’ to speculators that they will not be allowed to ‘play’ in certain markets. Like gold……hence the atypical gold market behavior..."
*i.e. gold cannot be suppressed solely through the futures market.
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