From SGTreport.com Sean interviews JS Kim based in Bangkok, Thailand about the Federal Reserve, precious metals and current world events. From ABC TV
Tensions in Iraq and Ukraine may have seen gold rally of late, but the yellow metal is still well-down on the highs of 2011. Gold's reputation has also been tarnished by accusations that the global benchmark pricing system known as the 'fix' is open to manipulation. But now the World Gold Council is stepping in to bring some credibility back to the precious metal. The gold and silver markets have continued on their tear overnight with gold now up 3.2% and silver up over 5% during NY COMEX trading. From Kitco NEWS Looks like a big player has decided to pull the trigger and dropped half a billion of US$ on the gold market, causing a 1.5% spike in gold and 2% spike in the more volatile silver.
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