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Zero Hedge throws itself into the fight against gold price suppression
6:47p ET Wednesday, March 24, 2010
Dear Friend of GATA and Gold:
Picking up on today's story in The Telegraph about demands for information about the British gold sales, Zero Hedge again has thrown itself into the struggle to expose the gold price suppression scheme.
Zero Hedge's Tyler Durdan (aka Dan Ivandjiiski) wonders "under what circumstances will the Federal Reserve finally acknowledge that it is constantly manipulating gold prices lower to benefit JPMorgan Chase and other members of the London Bullion Market Association whose short positions will likely blow them up if the fair price of gold is attained," and "when will 'gold bugs' finally stop being ridiculed for their assertions that the gold market is manipulated in light of glaring evidence on a day-to-day basis"?
The Zero Hedge commentary cites commentary at Jesse's Cafe Americain that contains a stunning but unattributed quotation about gold price suppression. The quotation is from the complaint in Reginald Howe's groundbreaking gold price suppression lawsuit, underwritten by GATA and brought in U.S. District Court in Boston in December 2000, which you can find in the "Legal Materials" section of Howe's Internet site, the Golden Sextant, here:
The Zero Hedge commentary can be found here:
http://www.zerohedge.com/article/did-gordon-brown-sell-uks-gold-keep-aig...
Or try this abbreviated link:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Prophecy Resource Corp. Appoints Rob McEwen to Advisory Board
Prophecy Resource Corp. (TSX.V: PCY, OTC: PCYRF) is pleased to announce the appointment of Rob McEwen to the company's Advisory Board. McEwen is a leading Canadian mining industry entrepreneur. He is the chairman and CEO of U.S. Gold Corp. and Minera Andes Inc. McEwen was the founder and former chairman and CEO of Goldcorp Inc., whose Red Lake Mine in northwestern Ontario, Canada, is considered to be the richest gold mine in the world. During his tenure at Goldcorp, McEwen transformed the company from a collection of small companies into a mining powerhouse, growing its market capitalization from $50 million to approximately $8 billion.
For Prophecy Resource Corp.'s complete statement:
http://www.prophecyresource.com/news_2010_mar11b.php
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http://gata.org/node/wallstreetjournal
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