Sunday, April 18, 2004
Rothschild to withdraw from London gold market
This appears to be a calculated move to depress gold prices and keep the suckers, I mean investors, in the stock market a while longer.-wrh April 18, 2004
Breaking News ie
Merchant bank Rothschild's has decided to withdraw from London's gold market, as part of a wider strategy to distract itself from all commodities trading out of the capital.
Last year, the business generated just 2.2% of the bank's income, down from more than 8% five years earlier.
Bank chairman David de Rothschild told the BBC: "our income from commodities trading in London has fallen as a percentage of our total income in each of the past five years".
"We have concluded that this is no longer a core area of activity and have, therefore, decided to withdraw from the market."
Is sliver being manipulated?
Article here.
Ron Robinson
A Majority of One
This appears to be a calculated move to depress gold prices and keep the suckers, I mean investors, in the stock market a while longer.-wrh April 18, 2004
Breaking News ie
Merchant bank Rothschild's has decided to withdraw from London's gold market, as part of a wider strategy to distract itself from all commodities trading out of the capital.
Last year, the business generated just 2.2% of the bank's income, down from more than 8% five years earlier.
Bank chairman David de Rothschild told the BBC: "our income from commodities trading in London has fallen as a percentage of our total income in each of the past five years".
"We have concluded that this is no longer a core area of activity and have, therefore, decided to withdraw from the market."
Is sliver being manipulated?
Article here.
Ron Robinson
A Majority of One
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