That comment was from a long-time gold market analyst – someone who has studying and publishing on this market longer than just about anyone reading (or writing) this blog.
“In the late 1990’s, [Bloomberg’s] Claudia Carptener (Bloomberg link), told me she had been instructed not to follow up on any positive news for gold.”
There you have it. As Paul Volker has said: “gold is the enemy.” I guess anything that can be used to keep Central Banks and Governments honest would indeed be seen as “the enemy” by the people who work for those entities.
It’s too bad Ron Paul is no longer in Congress. It was must-see tv to watch him torture Greenspan and Bernanke for 5 minutes twice a year by asking them about gold. No one is left in Congress who will try to torture Janet Yellen. Maybe by design. I’m not sure she’s capable of professionally fielding questions on the subject of gold from even a grade-school child.