John Lee on gold coin rationing: Where there's smoke, there's fire

10:45p ET Monday, August 25, 2008

Dear Friend of GATA and Gold:

Reflecting tonight on the U.S. Mint's rationing of gold eagle coins, John Lee of Mau Capital Management writes:

"If a law restricting gold ownership is impractical today, I suppose the next best thing would be to restrict the supply of gold while shorting COMEX gold futures to suppress the gold price. If my speculation on this turns out to be correct, the scheme can't last for more than a few months, as foreigners will smell this rat and begin to corner gold by massively hoarding the metals and eventually causing the gold ceiling to explode upward."

Lee's commentary is headlined "Eagle Rationing: Where There's Smoke, There's Fire," and you can find it at Mau Capital's Internet site here:

http://new.goldmau.com/article.php?id=588

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

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