-- calls attention to commentary published last month in the Financial Times about the latest quarterly report from the Bank for International Settlements, in which the BIS noted that financial markets lately have been responding mainly to interest-rate pronouncements by central banks.
The FT commentary, written by the newspaper's veteran columnist, John Plender, published September 15 and headlined "BIS Breathes New Life into Calls for Rate Rises" --
-- said the BIS report "will also have struck a chord with those investors who are weary of trying to make sense of a world where markets have been systematically rigged by central bankers."
Despite his subscription to the FT, your secretary/treasurer missed Plender's commentary.
That "markets have been systematically rigged by central bankers" is a story that has yet to be pursued by the Financial Times and other mainstream financial news organizations, despite GATA's peppering them for many years with documentation of that rigging, particularly in regard to gold but also in regard to other markets, documentation summarized here:
GoldCore's O'Byrne notes that market rigging by central banks is "a charge for which we and others have been ridiculed for making in the past."
So is Plender angling for a tinfoil hat? Would the FT permit him to wear it? Would the FT ever dare to commit actual journalism about surreptitious central bank intervention in the markets, including the gold market?
You can help try to get answers to these questions. Please e-mail Plender at john.plender@ft.com, congratulate him on his insight, and encourage him to urge the FT to put someone on the market-rigging beat. The newspaper already has plenty of material. It lacks only the courage and integrity to publish it.
CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. CPowell@GATA.org * * *
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