by Chris Powell
Dear Friend of GATA and Gold:
Another technical analyst, newsletter writer Steve Saville of The Speculative Investor, tries this week to defend TA by arguing that manipulation of the gold market has not much affected gold’s price.
In an essay titled “Four Charts that Invalidate the Gold-Price Suppression Story” —
— Saville writes: “Every experienced trader knows that the financial markets are manipulated. They always have been manipulated and they always will be manipulated. Railing against gold-market manipulation is therefore akin to railing against the Earth revolving around the sun.”