Really don't know. I can't accept "manipulation" of the currencies as a fact.
I agree, OTOH, that at given times, small positions can amplify a move.
When a train of railway cars are moving, a little pitch can make them move faster. When many (specs) give a little pitch in the same direction, speed can get out of control (bubble). In my mind, this is business as usual.
OTOH, when the same train is still, or moving in the wrong direction, you need a hell of a lot of force to get it moving or reverse the move your way: this is what I call manipulation. (Confiscate gold, keep gold officialy priced at $35/oz., make the USD a global reserve currency, put interets rates lower than inflation,...)
What GATA calls manipulation is business as usual, they just don't get it.
FWIW, the Rotschilds are out of the LBMA which is not an exchange, but a wholesales market. I wouldn't count on gold to regain a position as reserve for a long time.
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