Goldman Head Gold Trader Speculates About "Authority" Intervention In Gold, Sees Precious Metal Pushing Higher

The head gold trader at Goldman Sachs hints about "authority" intervention by central banks and bullion banks in an effort to suppress gold prices.  In my world, "intervention" is legalized price manipulation.  I would further posit that it's not only legal, but since it is implemented by governments and the financial elite, it's institutionalized theft.

The blogosphere has been ranting about this topic for years, but it is indeed ironic that Goldman Sachs is acknowledging its practice, given Goldman Sachs was one of those bullion banks. 

http://www.zerohedge.com/news/goldman-head-gold-trader-speculates-about-authority-intervention-gold-sees-gold-pushing-higher