Possible Gold Price Manipulation: Believe It Or Not
A very violent correction hit the gold price on 10th August 2020. The price fell almost $200.00, a 20% drop. The normal price range had been $40.00 daily. A recovery is under way.
One would like to believe that markets are still free, but that is wishful thinking. The huge infusion of liquidity injected into the financial system by the Fed in order to counter the stock market tumble in March has resulted in a Fed balance of over $7 trillion although that also includes help to soft…