by Blanca Vera Azaf, El Nacional, Caracas
GATA.org
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:
http://tsi-blog.com/2016/08/does-the-fed-support-the-stock-market/
There are a few problems with this assertion, quite apart from Saville’s failure ever to put a critical question to a central bank.