The Tocqueville Gold Fund's John Hathaway, a thoroughly respectable member of the financial establishment who only in recent weeks has begun to acknowledge the manipulation of the gold market by Western central banks, went on CNBC's "Fast Money" program, declared that a short squeeze is under way in gold because the paper gold market is leveraged at 100 to 1, and was not cut off.
Of course the CNBC "analysts" who commented following Hathaway's remarks completely missed the substance of what he said. Real financial journalism has not descended upon the West quite yet. But if reality about gold can come frankly out of Hathaway's mouth and be spread throughout the world by CNBC, are even Reuters, Bloomberg News, The Wall Street Journal, The New York Times, and the Financial Times still safe for the Federal Reserve and Wall Street and their scheme of gold price suppression and currency market rigging?
Thanks to the Got Gold Report's Gene Arensberg for calling attention to this earthquake with a preface on top of the CNBC video of Hathaway here:
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