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To: Goose94 who wrote (129405)7/22/2022 10:20:52 AM
From: Goose94Read Replies (1) | Respond to of 203674
 
Gold: Another financial writer omits intervention when explaining gold's counterintuitive performance

July 22nd 2022

Dear Dan (if I may):

In response to your commentary today at MarketWatch on the counterintuitive failure of the gold price to reflect the explosion of inflation worldwide --

thestreet.com

-- please let me call to your attention a better and more documented explanation than any offered by your commentary: the decades-long policy of largely surreptitious intervention against gold by governments and central banks, especially the U.S. government.

A summary of this documentation and its objectives can be found at the internet site of my organization, the Gold Anti-Trust Action Committee, here:

gata.org

We realize that this is a sensitive subject and that governments and their agents among investment banks may bring powerful pressure on news organizations to stay away from it. Any news organization acknowledging the issue risks its advertising from these banks. But I urge you to look into it anyway, because the financial world is really not as it seems and gold pricing cannot be fairly reported without accounting for intervention.

With good wishes.

Chris Powell, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Manchester, Connecticut