A Byproduct of the Twist? Gold Manipulation

By Gary Tanashian

As the world awaits the Greek election, there was news today right here in Wonderland:

Treasurys rise after record-setting auction

Our great nation is selling more bonds (AKA debt) this week to keep itself afloat. Guess what? Demand was strong for 10 year notes.

Next up, 30 year debt will be peddled on Thursday. With the Fed on the bid, either in action or in implied waiting, one might expect that to be another bumper day. Continue reading "A Byproduct of the Twist? Gold Manipulation"