gold suppression talk makes it onto cnbc

The gold price suppression scheme made it on to worldwide television today thanks to CNBC and Martin Hennecke, senior manager of private clients at Tyche Group in Hong Kong. At about the seven-minute mark of an 8 1/2-minute interview, Hennecke began to talk about precious metals, remarking that their recent decline resulted in part from the general deleveraging of commodity and dollar-short positions and in part from central bank efforts to suppress the gold price. Hennecke specifically cited the report published a year ago this month by Citigroup market analysts John H. Hill and Graham Wark, who wrote that central banks were "clearly" capping the gold price.

You can find that Citigroup gold report here:

http://www.gata.org/files/CitigroupGoldReport092107.pdf

You can watch Hennecke's interview with CNBC here:

http://www.cnbc.com/id/26656750/site/14081545/


Chris Powell