Goldman Sachs deception revealed

Posted | 09/09/2013 / Views | 2465
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We speak occasionally about the apparent manipulation of gold and silver markets by the big banks.  JP Morgan steals most of the headlines but they’re not alone.  With the release of Q2 data we can now clearly see that whilst Goldman Sachs (amongst the others) were issuing sell recommendations and negative ‘news’ to the press all helping to drive the price down as we saw in late April, they were buying gold ETF’s (GLD) by a record breaking 3.7m shares jumping them up to be the 7th largest holder.  Seems ‘too big to fail’ also means too big to prosecute…