Gold Prices: Are Governments Suppressing Them?

Frank Holmes, CEO of US Global Investors, claimed governments are practicing “price suppression” to hold down gold prices.

“They move interest rates around so there’s no doubt they can do this with gold,” Holmes said.  Many gold followers have been saying this for years so it’s no surprise; recently there have been several sudden unexplained drops in gold prices during pre-market and morning trading hours in New York.

Mr Holmes gave an interview to Kitco News that is well worth watching so we’ll point you there in today’s featured article and let you draw your own conclusions.

Related: Why Are Indians Paying a “Gold Premium?” 

About the author

Mike Hammer

Mike Hammer has had a wide-ranging career, with trading and investing as a continuing theme. Mike graduated from UC Berkeley with a business degree, then worked with Macy's in their operations arm. He left Macy's and spent a summer trading his own account, which taught him a lot about trading in general and markets in particular. Trading through the Black Monday and the Crash of 1987 showed him how most people are unprepared for upheavals in their trading. He then joined Waddell & Reed as a financial advisor, helping regular people understand their finances and meet their life goals.

Then came the usual story - Mike met and married the lady of his dreams. They moved to upstate New York, where Mike worked first for a small manufacturing consulting company, then Cornell University. While loving the work and the higher-education atmosphere, Mike missed the world of finance. Eventually, he signed up for stock trading coaching with the Adam Mesh Trading Group, to learn from people who understood modern markets. Within a year, Adam asked Mike to become a stock trading coach.

Since then, Mike has trained over 200 individuals, spoke at several national conventions, and is a frequent contributor to conference calls across the Adam Mesh community. Mike writes The Gold Enthusiast daily newsletter, runs the Golden Hammer trading service, and participates in the Mesh Private Portfolio. He also keeps a position in international education which keep him in touch with "the student mindset". Mike closely follows the gold, energy, and financial sectors. His motto is "Plan your trade, then trade your plan!"

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