Richard Russell's Dow Theory Letters takes note of GATA's work

By Matthew Kerkhoff, Research Director
Richard Russell's Dow Theory Letters
Monday, January 6, 2014

http://ww2.dowtheoryletters.com/

For those who may be interested, the website www.gata.org is home to the Gold Anti-Trust Action Committee. The committee was organized in 1998 to "expose, oppose, and litigate against collusion to control the price and supply of gold and related financial instruments."

Leveraging the Freedom of Information Act, GATA sought access to the Federal Reserve's gold-related records and, according to them, elicited an admission from the Fed that it maintains gold swap arrangements with foreign banks which it insists on keeping secret.

In an attempt to obtain the records in question, GATA sued the Fed in 2009. In February 2011 the court ruled that the majority of the Fed's records could remain secret with the exception of the minutes of the April 1997 meeting of the G-10 Committee on Gold and Foreign Exchange. The minutes, according to GATA, showed "G-10 member treasury and central bank officials secretly discussing the coordination of their policies toward the gold market." The Fed was ordered to pay court costs to GATA for this lawsuit.

GATA continues to collect and publish any documents that show treasury and central bank efforts to intervene against a free market in gold.

There is a wealth of information on the site, too much to summarize succinctly here. I should note that from the articles I read, some of the information appears anecdotal, as it is based on personal accounts, opinions, and interpretations. But nonetheless it does drive home the very real possibility that the gold market is not what it appears and might be subject to manipulation based on hidden agendas.