Press Releases, Essays, GATA in the Press
by Alex Brummer, City Editor, Daily Mail
THE GOVERNMENT plans to press ahead and complete its
sale of 60% of Britain's gold reserves by the end of
the year despite demands from senior Tories that the
auction be halted.
The price of bullion soared to around £204 an ounce
($300) on global markets this week because investors tend to
turn to gold at times of turbulence in the world
economy, seeing it as a hedge against future inflation.
Italian magazine article warns of
gold price manipulation
From Borsa & Finanza, Italy
The U.S. Treasury is accused of manipulating the free
market. Risks for the international bourses.
By Guido Bellosta
A trial that starts in Boston affects the interest of
hundreds of thousand of savers, financiers, and miners.
On the bench is the Treasury Department of the United
by ILJA GRAULICH
THEY are the $289 Club; power brokers who held the gold price to exactly $289/oz on the last trading days of 1997, 1998 and 1999.
So says the Gold Anti-Trust Action Committee (Gata). (For the record, according to the London Bullion Market Association, the prices were $289, $287 and $290 respectively).
For some, Gata members are heroes, fighting for a genuine cause —freeing the gold price from alleged manipulation. For others, they are a bunch of lunatics — entertaining, but lunatics nevertheless.
South Africa has lost billions because of price rigging
There is an international conspiracy to keep the price of gold below its equilibrium price. At present gold sells at $267,l0 (R2136,80) a troy ounce when it should, in fact, sell at around 5600,00 (R4 800). And they have the proof to back up this claim, said Bill Murphy, chairman of the Gold Anti-Trust Action Committee (GATA), at a summit in Durban this week.
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.
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.
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
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.
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."
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?