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Monday, 23 April 2012

How the gold price is manipulated, and long term implications

Harvey Organ explains in detail how gold trading in London and on the COMEX determines the gold price.

In this interview, he argues that gold and silver prices are manipulated downwards through COMEX derivatives trades, yet physical demand through London can overpower paper short selling.  (Click here and scroll down to find the recording to play.)

It is possible that Chinese, Russian and other non-western demand will come to dominate the physical gold market, which in turn will come to dominate the COMEX "paper" derivatives market, as the west transfers economic might to the east, where traditional physical ownership of precious metals continues to be valued more deeply than in the west.

With thanks and acknowledgement to Chris Martenson, Harvey Organ and Jim Sinclair.

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