Gold Investing: Price manipulation in the gold market

Posted February 6, 2008

"Is the gold price being manipulated? I can categorically state, with 100% confidence, I don't know. But far greater minds that mine have studied the matter for many years and in great detail… " — Dominic Frisby

by Dominic Frisby

Baltimore and London – (TFN): Most hardcore gold bugs will tell you the gold price is manipulated - or that the authorities at least attempt to manipulate it.

Our Glorious Leader, Gordon Brown's gold sale was, apparently, all part of a scheme to suppress the price - otherwise he would not have sold it when he did and in the way he did, would he?

Of course, it doesn't occur to them that this might just have been down to plain old incompetence. Judging by other government fiascos like the tax credits system and the Northern Rock debacle, the incompetence argument certainly carries a lot of weight.

But let's not dismiss the conspiracy theories too hastily…

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

As they say, the proof is in the pudding…

Take Nhan N., who said:
"Thank you…I sold for a total profit of $97,500. That was the biggest profit I have ever made. Thank you very much for the great work you have done."

Or Wayne D., who said:
"That is the quickest home run I ever experienced. In at $9.92, trailing stop got me out at $26.02. Simply amazing . . ."

Theo R. even said:
"I have only been a member for one week, and you've made me enough money to pay for my subscription for the next four years. I am usually skeptical about these types of services and normally watch for a week or two before I actually buy. It seems that you are for real! I wanted to travel to Myrtle Beach over Thanksgiving, but was a bit short of cash. I am now going. Thanks for the vacation."

Learn about the man responsible for making these investors so happy…

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Is the gold price being manipulated? I can categorically state, with 100% confidence, I don't know. But far greater minds that mine have studied the matter for many years and in great detail: people like GoldMoney founder James Turk, Gold Anti-Trust Action Committee (GATA) chairman Bill Murphy, and fellow GATA member Chris Powell. Read on to learn whether the gold price is manipulated and how high it could go this year.

****Make sure you sign up for our FREE TFN News Feed for breaking news, special reports and new financial videos. You can pick your favorite reader. Or if you prefer, you can have the feed delivered to your email.