“This manipulation by the Fed involves the short-selling of uncovered Comex gold futures. ‘Uncovered’ means that these are contracts that are sold without any underlying physical gold to deliver if the buyer on the other side decides to ask for delivery. This is also known as ‘naked short selling.’ The execution of the manipulative trading is conducted through one of the major gold futures trading banks, such as JPMorganChase, HSBC, and Bank of Nova Scotia. These banks do the actual selling on behalf of the Fed. The manner in which the Fed dumps a large quantity of futures contracts into the market differs from the way in which a bona fide trader looking to sell a big position would operate.”
http://www.paulcraigroberts.org/2014/01/17/hows-whys-gold-price-manipulation/
Tip Freedomwat.ch Staff with Bitcoin