Two more warnings of pervasive market manipulation

7:45p ET Tuesday, October 27, 2009

Dear Friend of GATA and Gold:

In a new essay Zero Hedge’s Dan Ivandjiiski, writing as the pseudonymous Tyler Durden, explains how “the Federal Reserve has now managed to singlehandedly take over the entire capital market” via its Primary Dealer Credit Facility, which essentially subsidizes the major New York investment houses to buy equities of all sorts. The Zero Hedge essay has a few typographical errors but may be the most essential financial reading of the month if not the whole year. It’s headlined “An Overview Of The Fed’s Intervention In Equity Markets Via The Primary Dealer Credit Facility” and you can find it at Zero Hedge here:

http://www.zerohedge.com/article/overview-feds-intervention-equity-marke…

Meanwhile in commentary posted today at 321Gold, market analyst and newsletter writer Stewart Thompson elaborates on the manipulation of the gold market by the banking system. Thompson predicts that the trouble made by the U.S. Commodity Futures Trading Commission for exchange-traded funds in the energy futures markets is a test run for an attempt to break up or even expropriate gold exchange-traded funds.

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