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Published on Gold Anti-Trust Action Committee (http://gata.org)

Whose definition of money will we use?

By cpowell
Created 2000-03-10 08:00

1a EST Friday, March 10, 2000

Dear Friend of GATA and Gold:

There's more recognition for GATA today, this time from
the March issue of Gold Newsletter, founded by the
late, great James Blanchard III and now edited by Brien
Lundin. The relevant excerpts from the newsletter
appears below.

In addition to what is quoted here, the March issue of
Gold Newsletter notes sardonically the two new members
of "the supposedly wacko gold price conspiracy
theorists. You may have heard of them: The Economist
and The Financial Times." Of course this is a reference
to the commentaries in those publications that we
recently dispatched to you, commentaries that also
support the conclusion that GATA reached and began to
publicize more than a year ago.

Please post this as seems useful.

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

* * *

From GOLD NEWSLETTER
Published by Jefferson Financial Inc.
2400 Jefferson Highway
Suite 600
Jefferson, LA 70121
E-mail: GNLmail@jeffinc.com [1]

March 2000 edition

By Brien Lundin

.... While they shy away from the word "conspiracy,"
the unspoken secret on Wall Street is that there now
appears to be a consensus among professional traders
and analysts that the gold market is being
manipulated....

.... Barrick shareholders were obviously voting with
their feet, selling off a company that, apparently,
didn't believe in the commodity it produced. In
combination with a barrage of venomous shareholder e-
mails and phone calls, Barrick was prompted to make a
further news announcement on Tuesday, February 15,
wherein the company's CEO, Randall Oliphant, assured
the market that "the substantial reduction we made to
our hedge book enhances our leverage to rising gold
prices and reflects our positive outlook for gold."

Note: I have never seen a shareholder uprising like
this force a company like Barrick into an about-face on
a strategy that management felt was key to their
success. Much of the credit goes to Bill Murphy and his
dedicated crew at GATA, the Gold Anti-Trust Action
Committee. I urge serious gold investors to do
everything they can to support this group. They have
been selflessly tilting at windmills for some time with
little gratification, but now the windmills are
starting to fall. Contact them at GATAComm@aol.com [2].


Source URL:
http://gata.org/node/762