Here's a piece from CNBC about gold and currency manipulation. Note Christine Legarde's comment. She heads the IMF. What do you think she's going to say: "Yes, you've finally caught us with our hands in the currency cookie jar."
Even if she's not jawboning, which we think she is, a deal could be cut without her knowledge. The only damage being done is to her ego.
So which is it: A deal done or a done deal? What we know is if they're manipulating currencies, they're manipulating gold indirectly. Are they manipulating the price of gold? Deutsch Bank gave us that answer a short time ago.
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