WHO REALLY CONTROLS THE GOLD PRICE?? The Answer is Quite Surprising
By: Steve St. Angelo, SRSrocco Report
GoldSeek.com
Friday, 28 April 2017
There’s this notion put forth by the majority in the precious metals community that the Fed and Central Banks control the market price of gold. I have even heard that some analysts believe the Fed could push the gold price any where they saw fit…. even to zero. While I agree that the Central Banks do play a role in gold market intervention, they most certainly CANNOT push the price of gold anywhere they want. This is an absolute falsity…. and I have the data to prove it.
To understand how the market determines the price of gold, we must first dismiss the economic principle of SUPPLY & DEMAND. While supply and demand forces are factors in the short-term price movement of gold, they do not really factor all that much over the longer term.
Here is a chart showing the relationship of the gold and oil price since the 1940’s:
The Rest…HERE
