by Craig Hemke
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:
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: