barclays bank fined £26m for gold fixing, page-20

  1. 2,319 Posts.
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    excuse me if this not precise and non coherent but some may be familiar with my memory of an article.

    It was regarding a particular day last year when gold was smashed down by the plunge protection team.

    It further goes to say that that month was the largest single import of gold and the largest off loading of treasury notes by the Chinese.

    Further more there was a mention of so called gold mines used as equity by the treasurey and that these gold mines were out of action for some reason, and would be for some time.

    considering most resources are cogc it is bizarre that both are copping pressure, when typically supply /demand sets a price.

    just a quick musing whilst banging down a burner.
    enjoy the day

    just a musing.
 
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