by Craig Hemke, Sprott Money:

After last week’s deliberate price manipulation effort, many are asking again if it will ever end? Will the bullion banks ever allow the gold price to rise?

Let’s start this week by directing you back to last week. If you’ve not yet read my summary of the events of December 3-4, please review it now.

•              https://www.sprottmoney.com/blog/bullion-bank-intervention

Yes, of course the bullion banks manage and manipulate the price of gold. They’ve done so for decades, and no amount of fines and/or prison sentences has stopped them. Anyone who claims otherwise is either disingenuous or naive. But though The Banks manage price to their benefit and profit, this does not mean that price cannot and will not rise over time. It is imperative that you understand this.