Indictments Pile Up for Gold Traders
June 2020 by Scott Harn
Several of the large banks are being investigated for illegal trading by the Department of Justice under the Trump administration, and some have already been indicted.
When governments are hit by a barrage of such economic news, they usually react by attempting to stimulate economic activity by spending money, as some might say, “like drunken sailors”…
Gold’s greatest previous bull market took place in 1977-1980 amidst currency instability, and we cannot help but note the similarities between the present and that past era.
It appears that market softness due to a slowing Chinese economy may already have affected precious and base metals quotes.
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