GATA in the Press
BULLION central banks under suspicion
Gold antitrust guru seeks African countries' support
KWAZULU NATAL EDITOR
Durban - Africa's gold producing countries were urged yesterday to back plans to get top bullion banks and US Federal Reserve chairman Alan Greenspan into the witness stand of a US court, to answer claims of gold price manipulation.
BULLION PRICE DELIBERATELY BEING SUPPRESSED, CLAIMS GATA
A quixotic group of Americans is in Durban alleging a financial conspiracy it says is blighting the economies of gold producing countries, writes Des Parker.
The Gold Anti Trust Action committee hit town this week for the second time in 2001, alleging a widespread campaign to suppress "evidence" of a campaign to depress the gold price and promising bullion will soon bounce back.
By Adam Aljewicz
Dow Jones Newswires
May 9, 2001
JOHANNESBURG -- It's around two years since the U.S.-
based Gold Antitrust Action Committee came out and
accused some of Wall Street's finest of conspiring with
the Bank for International Settlements and U.S.
government and Federal Reserve officials to depress the
price of gold.
In those two years GATA has been vilified by market
Analyst claims central bank's meeting minutes belie denials
By Jon Dougherty
© 2001 WorldNetDaily.com
A gold market analyst who has long suggested the federal government was involved in manipulating the price of gold says he discovered proof of his allegations in six-year-old Federal Reserve Board meeting minutes.
The charges, first made by the Gold Anti-Trust Action Committee in 1999, are allegedly borne out in Federal Reserve Board meeting minutes dated Jan. 31, 1995, which were discovered by GATA analyst Reginald Howe, who has filed a lawsuit against the Fed, the U.S. Department of the Treasury, the Bank for International Settlements and "various investment houses."
Source: Business Wire
Publication date: 2001-04-23
DALLAS--(BUSINESS WIRE)--April 23, 2001--The Gold Anti-Trust Action Committee will reveal proof of the suppression of the gold price by the U.S. and German governments and bullion banks at the GATA African Gold Summit on May 10, 2001, in Durban, South Africa.
Konspiration im Herrenclub?
Gegen US-Notenbankchef Greenspan läuft eine Klage wegen Manipulation des Goldpreises. Auch die Deutsche Bank soll in die zwielichtigen Geschäfte verwickelt sein.
Was haben US-Notenbankchef Alan Greenspan, die Bank für Internationalen Zahlungsausgleich (BIZ), führende globale Geldhäuser wie Deutsche Bank und J. P. Morgan sowie der scheidende US-Finanzminister Larry Summers gemeinsam?
FRANKFURTER ALLGEMEINE ZEITUNG
August 25, 2000
FRANKFURT, Aug. 24 -- At first glance it is indeed difficult to understand how a market, such as the gold market, which shows a chronic production deficit, is decaying during decades and how this results in prices that force an ever- increasing number of gold producers to abandon their business.
In the free market, which in the case of gold is being "made" by the leading business and investment banks, they have to take a good look at the solvency of their own clients as well their counterparties, when trading with derivatives.
By David G. Pearson
A Dow Jones Newswires Column
Paris ( Dow Jones ) May 21, 1999
One of the most interesting things about this job is that you get to rub shoulders with the world's financial movers and shakers.
This is great cocktail party conversation fodder for impressing your fellows about Bob, Alan and Larry and how their tennis games are improving.
In this neck of the woods, however, the party chat about Dominique, Jean-Claude, Hans and Wim tends to be less interesting than the punch bowl.