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Help GATA financially or by appealing to CNBC
By Bill Murphy, Chairman
Gold Anti-Trust Action Committee Inc.
Friday, February 20, 2009
GATA has been fortunate over the years with a number of gold companies and individuals contributing to us so we can do what we can to expose the manipulation of the gold market. Unfortunately, over the years it has been mostly the same companies and same people repeatedly sending us money.
If we are going to succeed, we need some moolah to get the job done. While some of our expenses to attend financial conferences are paid for, expenses for incidental (meals, cabs, etc.) are not. Other operating expenses, as for lawyers, accountants, publicity, postage and shipping, and so forth, add up quickly, so we are asking again for monetary assistance so we can win the day for ALL of us -- which is why GATA Secretary/Treasurer Chris Powell and I are now at the Phoenix Resource Investment Conference.
And what fun to report that this is like a GATA conference. I am speaking and Chris Powell has a workshop, as does GATA board member Adrian Douglas. Our consultant Ted Butler is speaking about the manipulation of the silver market. Also among the speakers are longtime GATA supporters Peter Grandich, Jay Taylor, Jason Hommel, David Morgan, Thom Calandra, Roger Wiegand, Al Korelin, and others. It's like a GATA convention. But then one of GATA's staunchest and dearest supporters is the conference sponsor, Joe Martin, president of Cambridge House International.
The bottom line is that GATA needs money so I am asking for your support. For those of you who are financially able and willing, information about donating can be found here:
Donations to GATA are federally tax-deductible in the United States.
Thanks much in advance to those who can help.
I realize these are tough times for many of us. So for those of you who are not in position to help financially or not inclined to send money, we still have PlanB. A wonderful way for us to raise money is through exposure to the public.
I have been sending information about GATA to the
financial press for 10 years. Most of it has gone into trash. But as a proud member of the Marble Collegiate Church in Manhattan, whose pastor was Dr. Norman Vincent Peale, renowned author of "The Power of Positive Thinking," I am on the case again and am asking everyone who is not donating to GATA but still wants to advance the gold cause to contact CNBC.
Nothing would be more helpful to our fund raising than to get our story told. In turn that would help your own precious metals investments.
Few in the mainstream investment world can conceive of a gold price above $3,000. In fact, most in the mainstream investment world think gold is just going through its own bubble phase. The more that investors realize where the gold price is going and why, the more they are going to invest in gold and silver mining shares.
Yesterday I called CNBC and reached its Viewer Services desk. After declaring my intentions, I was told to send my pitch by facsimile machine to this number: 201-735-3200. Here is what I sent:
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"To: the producers of 'Fast Money'
"From: Bill Murphy, chairman, Gold Anti-Trust Action Committee
"Subject: The gold market
"I am a big fan of your show and watch it daily. As a former professional football player with the Boston Patriots, I find it amusing to watch some of the
panelists who have 'been there.'
"Last night there was a great deal of discussion about gold. Most of the comments were clueless.
"I have chaired three international gold conferences over the past decade:
" -- The GATA African Gold Summit in Durban, South Africa, on May 10, 2001.
" -- Gold Rush 21 in Dawson City, Yukon Territory, Canada, on August 8 and 9, 2005. Among the participants was Andrey Bykov, an economics consultant to Russian President Vladimir Putin.
" -- GATA Goes to Washington in Arlington, Virginia, on April 18 and 19, 2008.
"My organization placed a full-page color ad in The Wall Street Journal on January 31, 2008, in which we warned of a coming 'catastrophe' and 'disaster' arising from the long manipulation of the price of gold. That ad may be viewed here:
http://www.gata.org/node/wallstreetjournal
"The press would not give us the time of day. No one asked what we were warning about and why, including CNBC. Ten years ago I was interviewed on CNBC by Ron Insana and have not been allowed back on the network since then, right as I was then. Dylan Ratigan and others are calling for 'transparency.' If transparency is to be achieved, it would be helpful for your viewers to understand what the gold market has been all about and why there is a bigger story here than the Madoff scandal.
"At the Gold Rush 21 conference, when the price of gold was $436) and in our Wall Street Journal ad GATA predicted the price of gold is going to $3,000 to $5,000. It would be helpful for your viewers to understand why. At any rate, we have been correct on the price of gold for nine years.
"Should you wish to check GATA's credentials, please visit www.GoldRush21.com and review our summary video of the conference.
"I look forward to telling the real gold story on your network. I can travel to New York or speak from Dallas, where I live.
"Thank you for your consideration."
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So, friends, most of the work is already done for you. GATA would like you to make your own appeal along the lines of the above and fax it to CNBC in care of one of the following programs:
"Squawk Box"
"Squawk on the Street"
"The Call"
"Power Lunch"
"Street Signs"
"Closing Bell"
"Fast Money"
"Mad Money"
"The Kudlow Report"
If our friends will take just a few minutes to contact CNBC, the network may realize what a big deal this is and how it also can be of value to the network's ratings. If you don't have a fax, please look up the e-mail addresses for these programs and contact them that way.
Our time is here. Let's go for it. Help GATA to help yourself.
Thanks to all of you who are willing to participate in our campaign.
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Join GATA here:
Phoenix Resource Investment Conference
Renaissance Glendale Hotel and Spa
Glendale, Arizona
Saturday-Sunday, February 21-22, 2009
http://www.cambridgeconferences.com/ch_phoenix2009.html
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Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at http://www.gata.org/.