Rick Ackerman joins the gold conspiracy nuts

12:34p ET Thursday, September 10, 2009

Dear Friend of GATA and Gold:

With his commentary today, financial letter writer Rick Ackerman (www.rickackerman.com) officially joins the gold price suppression conspiracy nuts. Ackerman makes this telling observation:

"Bernanke & Friends are probably throwing everything they've got at gold right now to suppress its price. And for all we know, Uncle Sam has loaned every ingot (supposedly) in Fort Knox to carry-traders at J.P. Morgan and Goldman Sachs. The ability of these well-connected bullion bankers to borrow more or less unlimited quantities of physical gold is for them even better than a license to print money, since money itself is most surely not what it used to be. The feather merchants have repaid the government's kindness by sitting on gold futures prices. This price-fixing operation is all the more impressive because its perpetrators have managed so far to peg bullion to $1,000 even though the U.S. dollar has broken some key technical supports in recent days."

Ackerman's commentary is headlined "Gold Waiting to Pounce on Summit's Failures" and you can find it at GoldSeek here:

http://news.goldseek.com/RickAckerman/1252562460.php

His GATA tinfoil hat is on the way to him by express mail.

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

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