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Gold sales meant for market manipulation, MineWeb chief acknowledges
8:45a ET Friday, July 18, 2008
Dear Friend of GATA and Gold:
MineWeb chief Lawrence Williams speculates that central banks may attempt major sales of gold to support the fading U.S. dollar -- an acknowledgement that central banks undertake to sell gold not to diversify their reserves or relieve themselves of the expense of storing a supposedly dead asset, long their cover stories, but to manipulate the currency and government bond markets. You can find his commentary under the headline "Possibility of Central Bank Gold Sales to Try to Help Stabilize the Dollar" at MineWeb here:
http://www.mineweb.com/mineweb/view/mineweb/en/page33?oid=56945&sn=Detail
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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