If You Can’t Beat ‘Em, Join ‘Em

by Craig Hemke
Sprott Money

Suddenly it seems that nearly all of The Banks and Bullion Banks are raising price forecasts and rallying around the precious metals. Is this a good thing or a bad thing?

That’s the question, of course. Banks like Goldman Sachs have earned a reputation for leading their clients into taking the opposite side of whichever trade the firm prefers. If you’ve forgotten the origin of this story, here’s a link from 2012:

Exec: Goldman officials called clients ‘muppets’

It has been long established that the major Banks, which also operate as Bullion Banks for the CME/LBMA, benefit handsomely by manipulating and managing the prices of gold and silver. Recently, however, there have been a spate of admissions and convictions as it relates to these criminal activities. A summary can be found here:

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