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Russell's Dow Theory Letter notes GATA's work in New Orleans
2:42p CT Wednesday, November 13, 2013
Dear Friend of GATA and Gold:
Richard Russell's Dow Theory Letter (http://ww2.dowtheoryletters.com/) sent a deputy to the New Orleans Investment Conference and today took note of your secretary/treasurer's presentation there.
An excerpt from the report:
"I tend to agree with the negative short-term prognosis for gold. The fact that the metal hasn't rallied amid continued QE sends a signal that something is off. Investors may be liquidating their positions in anticipation of further weakness that could accompany the reduction in bond purchases
"Chris Powell, founder of the Gold Anti-Trust Action Committee (GATA), has devoted much of his time and effort to exposing the manipulation of the gold markets. According to him, central banks intervene in the gold markets on a daily basis, largely through dealers and the Bank for International Settlements. The goal of the manipulation is to manage the negative effect on the dollar that a high gold price would cause. We'll be taking a closer look at the data he has gathered and will share our perspective in future remarks."
In case other mainstream financial journalists want to review the documentation of gold price suppression before dismissing complaints of such suppression as mere "conspiracy theory" -- that is, in case financial journalists ever want to attempt actual journalism by doing some research -- your secretary/treasurer's presentation to the New Orleans conference and other recent conferences, summarizing that documentation, is posted at GATA's Internet site here:
http://www.gata.org/node/13185
And GATA's general documentation file is here:
http://www.gata.org/taxonomy/term/21
A free tin-foil hat will be awarded to the first mainstream financial journalist who tries putting specific and critical questions to any central bank about its activity in the gold market and reports the bank's refusal to answer. Ideas for such questions may be found here:
http://www.gata.org/node/11862
http://www.gata.org/node/11661
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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