Gold Price Manipulation Is Part of Banking Culture, JPMorgan ‘Difficult’ to Displace Says Expert

[Bottle Rocket - Liam]

"The case for gold right now is two-pronged, "where you have a lot of demand, and on the other side you have a very strong U.S. dollar," asserts Mark Yaxley, Managing Director at Strategic Wealth Preservation. The correlation between the dollar and gold, "is basically one-to-one at this point, that's really a main driver, and that's what investors need to be paying attention to," he tells our Daniela Cambone. "Gold is experiencing a healthy correction because of the dollar," Yaxley continues, "and we're approaching the bottom for gold and silver." He argues that the manipulation of non-physical gold is, "unfortunately part of the culture," and concludes it would be hard to replace titans such as JPMorgan who have been caught recently in the act of price manipulation."


youtu.be/3r9utyek8X4