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Wall Street Journal prints its most terrifying four-letter word: G-O-L-D
a href=http://www2.marketwatch.com/news/newsfinder/newsArticles.asp?guid=%http:...
7BA0C4E73B%2D100C%2D4519%2DB39F%2D4B148AD8985E%
7Damp;doctype=2005amp;siteid=mktwamp;selCount=50amp;value=goldamp;property=wordamp;
VANCOUVER, British Columbia, Sept. 18 (Reuters) -- Barrick
Gold Corp. has asked a U.S. court to reconsider its ruling to
allow a case accusing it of manipulating the gold price to go
to trial and instead to dismiss the action.
In documents obtained on Thursday, Toronto-based Barrick
asked a Louisiana district court judge to rethink her ruling
on Sept. 3 giving the go-ahead to an antitrust case against
the world's No. 3 gold producer.
At the time of her ruling, Judge Helen Berrigan of the
Eastern District Court of Louisiana gave Barrick 10 days to
appeal her decision. Barrick's quot;motion for reconsiderationquot;
will be heard on Oct. 15.
The case brought by New Orleans-based coin and bullion
dealer Blanchard amp; Co. against Barrick and U.S. financial
services giant J.P. Morgan Chase amp; Co Inc. accuses them
of suppressing the gold price at the expense of investors.
Blanchard alleged in a lawsuit filed last year that Barrick,
through its extensive gold hedging program, was able to
manipulate the gold price and, with the help of J.P. Morgan
Chase, was privy to quot;extraordinaryquot; favorable terms on
gold sale contracts, which both then profited from.
Barrick has called the civil action quot;utterly ridiculous.quot;
Blanchard is backed in its suit by the Gold Anti-Trust
Action Committee, a Delaware-incorporated group set
up in 1999 to advocate and undertake litigation against
what it calls quot;illegal collusion to control the price and
supply of certain financial securities.quot;
Committee chairman Bill Murphy earlier this year
predicted a gold price of $500 an ounce by year end.
Bullion was last bid at $376 an ounce.
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WHO HAVE SUPPORTED GATA
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BY OUR MEMBERS
Centennial Precious Metals
3033 East 1st Ave.
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www.USAGold.com
Michael Kosares, Proprietor
US (800) 869-5115
Canada 1-800-294-9462
European Union 00-800-2760-2760
Australia 0011-800-2760-2760
cpm@usagold.com
Colorado Gold
222 South 5th St.
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www.ColoradoGold.com
Don Stott, Proprietor
1-888-786-8822
Gold@gwe.net
Investment Rarities Inc.
7850 Metro Parkwa
Minneapolis, Minnesota 55425
a href=http://www.gloomdoom.comhttp://www.gloomdoom.com/a
Greg Westgaard, Sales Manager
1-800-328-1860, Ext. 8889
gwestgaard@investmentrarities.com
Kitco
178 West Service Road
Champlain, N.Y. 12919
Toll Free:1-877-775-4826
Fax: 518-298-3457
and
620 Cathcart, Suite 900
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Toll-free:1-800-363-7053
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Lee Certified Coins
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Ed Lee, Proprietor
1-800-835-6000
leecoins@aol.com
Miles Franklin Ltd.
3015 Ottawa Ave. South
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1-800-822-8080 / 952-929-1129
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Metalguys@aol.com
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15018 North Tatum Blvd.
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Dr. Fred I. Goldstein, Senior Broker
1-800-BUY-COIN
figoldstein@buycoin.com
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