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How High Would Gold & Silver Prices Go if GS, JPM and HSBC Were Barred from Participation in Gold/Silver Markets?

ZeroHedge -- Submitted by smartknowledgeu on 11/05/2010 05:20 -0400

Back on May 17, 2010, I granted an interview to Lars Schall of MMNews Germany, in which I stated, “if U.S. regulators stepped in and said Goldman Sachs, HSBC and JPMorgan couldn’t participate in the gold and silver futures market for three weeks, I really think you would see the gold and silver price more than double in that time.”

Though HSBC is the principal manipulator in the gold futures markets and JP Morgan the principal manipulator in the silver futures markets...

As you know, one organization that tries to expose the rigging of the gold market for years, the Gold Anti-Trust Action Committee (GATA), faces huge problems to get “air time” since its founding in 1999. Why do you think that especially the US and British media is so silent about what GATA has to say? Isn’t it an indicator among others that journalism itself is in a profound crisis of its own? ...


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