Increasingly the suspicion is raised that the gold price is kept artificially in check. But who can have an interest in a manipulated price of gold? Central banks? Lars Schall conducted an exclusive video interview related to this topic with the technical analyst and book author Dimitri Speck.
By Lars Schall
Dimitri Speck is a founding partner and Chief Financial Engineer of Staedel Hanseatic, an investment managing fund based in Frankfurt, Luxembourg and Riga. The investment process is based on computer models that were developed through years of empirical research. Speck specializes in pattern recognition of charts. As part of this activity, he came across an anomaly in the gold price, with which he was able to demonstrate systematic interventions in the gold market since August 1993. He also designed the Stay-C Commodity Index of the German stock exchange and is the editor of the website www.seasonal-charts.com. Furthermore, he is the author of the book “Geheime Goldpolitik” (“Secret Gold Policy”), which was published in 2010 at the Finanzbuch Verlag in Munich. Speck is a consultant to the Gold Anti-Trust Action Committee, GATA.
GOLD MARKET MANIPULATION EXPLAINED