| Commodity market analyst Dan Norcini yesterday ridiculed what he described as assertions that the British Financial Conduct Authority's fining Barclays Bank for an incident of gold market manipulation "is proof positive that every single big move lower in gold is the result of evil, nefarious forces suppressing the price of gold on behalf of the government":
Norcini didn't identify the parties making such assertions but GATA is not among them. For the Barclays case establishes only that one investment bank manipulated the gold market at least once and that the mechanism of the daily London gold fixing facilitates such manipulation. The Barclays case does not establish that every big move lower in gold is a government operation...............................................Full Article: Source
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