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Richard's Remarks


Manipulation is a form of cheating. There is a good deal of action taken on insider trading, which affects only a few people, but I think manipulation is a far worse crime, since it affects everybody. Free markets depend on honest action and honest figures. And when markets are manipulated we’re dealing with high crimes in finance.


Gold is the historic standard around which all other prices are measured. There’s absolutely no doubt in my mind that the prices of gold and silver are being manipulated by the Fed. This is to hide the fact that creating trillions of new dollars is not weakening the dollar. Today is the last trading day for January, and I had the distinct feeling that the Fed was trying to manipulate the S&P higher -- but to no avail. The S&P closed down for the month. Which, if history has any validity, will give us ... Log in or subscribe to continue reading.

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