No One Can Be Sure That Fed Doesn’t Meddle with Futures or ETFs

by Blanca Vera Azaf, El Nacional, Caracas

Dear Friend of GATA and Gold:

Financial letter writer and technical analyst Steve Saville contends today that the Federal Reserve couldn’t possibly be intervening directly in the stock market by purchasing stock index futures or exchange-traded funds because evidence of such transactions would show up on the Fed’s public books:

There are a few problems with this assertion, quite apart from Saville’s failure ever to put a critical question to a central bank.

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