Mario Innecco: Gold Owners Deceived Since 1933 as Bullion Banks Maintain Price Grip

Mario Innecco, who bought his first gold in 2002 after working as a London bond futures broker, believes the 40-year bond bull market has ended. Following the inflation report at 3.7%, gold dropped as much as $80 to a low of $4,078.80, while silver fell over 5%. Yields on 2-year and 10-year Treasurys rose to 4.94% and 5.32%.