Gold price suppression briefly breaks into Kudlow show on CNBC

1:07a ET Tuesday, September 25, 2007

Dear Friend of GATA and Gold:

Larry Kudlow's program of market commentary on CNBC briefly got out of control Monday afternoon when one of the panelists, John Browne, editor of MoneyNews.com, uttered a few words about a forbidden subject.

Kudlow had just observed that the gold price has failed to register inflation for about 10 years, whereupon Browne interjected that gold is "heavily distorted on the down side by government intervention." A free-market price for gold, Browne added with some agitation, would be between $1,000 and $2,000 per ounce.

Kudlow pointedly declined to pursue Browne's point, and just as GATA Chairman Bill Murphy was never invited back on CNBC after complaining of gold market manipulation there in 1999, Browne now may be lucky if his next television appearance is on some local cable-access channel in Topeka.

At this hour CNBC has not yet thought to remove this section of Kudlow's Monday program from its Internet archive, and you still may be able to find it here:

http://www.cnbc.com/id/15840232?video=529347622&play=1#

The program segment at that link is 10 minutes long and Browne's interjection begins at the 7-minute mark and last about 25 seconds. Enjoy it while you can.

GATA thanks and congratulates Browne for cracking a national audience in the United States on gold's behalf. We'll miss him.

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

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GATA is grateful for financial contributions, which are federally tax-deductible in the United States.