by Chris Powell
Dear Friend of GATA and Gold:
Northman Trader’s clear-eyed founder, market analyst, and longtime skeptic, Sven Henrich, writes tonight that the astounding volatility in the financial markets is “screaming” at governments and central banks: “Intervene now!”:
Unlike most analysts allowed to appear on mainstream financial news programs, Henrich might be the first to admit that such interventions have been underway for a long time if more surreptitiously. Indeed, no one watching the gold price since the market reopened five hours ago could miss the constant intervention against the monetary metal at $1,700, where it has been repulsed several times per hour tonight.