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Newmont puts Yandal into reorganization as offer to bullion banks fails

Section: Daily Dispatches

1:41p ET Wednesday, July 2, 2003

Dear Friend of GATA and Gold:

Gold's partisans see market manipulation almost
every week, either in the futures or the shares.
It often involves smashing the price in the last
hour or two of trading to leave a bad and
misleading impression.

Now renowned market analyst Mark Hulburt
acknowledges evidence that market manipulation
is common. In his new commentary today at
CBSMarketWatch, he calls it quot;marking the closequot;:

* * *

By Mark Hulburt
CBSMarketWatch
Wednesday, July 2, 2003

ANNANDALE, Va. -- Is the stock market being
manipulated?

Is the pope Catholic?

The latest evidence of manipulation came Monday, the
last day of the quarter. On that day, the majority of
mutual funds beat the market. While that would seem to
be a mathematical impossibility, researchers take it as
evidence of a manipulative practice that is known in the
mutual fund world as quot;marking the close.quot;

* * *

For the rest of the story:

a href=http://cbs.marketwatch.com/news/story.asp?guid=%7B573AFE82%2DD151%http:/...
2D4252%2D9128%2DE14C21B0751D%7Damp;siteid=mktw

Or try this abbreviated link:

a href=http://ls.shapebyforce.com/sbf/218http://ls.shapebyforce.com/sbf/218/a

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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----------------------------------------------------

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