Antechinus: Are Big Banks Manipulating Gold Prices?
Are Big Banks Using Derivatives To Suppress Bullion Prices? The Federal Reserves’ agents, the bullion banks (principally JPMorganChase, HSBC, and Scotia) sell uncovered shorts (“naked shorts”) on the Comex (gold futures market) in order to drive down an otherwise rising price of gold. By dumping so many uncovered short contracts into the futures market, an …
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