Central banks in deep trouble for gold

Alasdair Macleod: Central banks in deep trouble for their gold manipulation

Submitted by cpowell on Wed, 2010-08-18 21:45. Section: Daily Dispatches

5:40p ET Wednesday, August 18, 2010

Dear Friend of GATA and Gold:

In his latest commentary, published this week, economist and former banker Alasdair Macleod quotes GATA's Adrian Douglas in support of his forecast that the latest central bank gold price suppression scheme is "on the verge of the most spectacular failure." Macleod writes: "Here is a major banking crisis in the making, mainly as a result of the central banks' continual attempts to rig the market finally coming to a head. It is a time when the whole idea of a world monopolized by fiat currencies is losing credibility."

Macleod's commentary is headlined "Gold Manipulation: Central Banks Are Now in Deep Trouble" and you can find it at his Internet site, Finance and Economics, here:

http://www.financeandeconomics.org/Articles%20archive/2010.08.18%20Gold....

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.