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Sprott report confirming price manipulation explodes over gold market
10:39a ET Tuesday, August 24, 2004
Dear Friend of GATA and Gold:
Sprott Asset Management in Toronto today
announced in the press release appended
here its publication of a lengthy study
supporting complaints that the price of
gold has been manipulated and suppressed.
GATA hasn't yet read the study but, as
you'll see below, it has been posted on
the Internet, and we all can hope that
the Sprott site gets a lot more traffic
now.
No investment house and no fund manager
have done more to support the gold cause
than Sprott and its chief investment
strategist, John Embry, and GATA is
deeply grateful to them.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
* * *
Sprott Asset Management Publishes Gold Manipulation Study
Company press release
August 24, 2004
TORONTO -- Sprott Asset Management Inc. announced
today the publication of "Not Free, Not Fair: The
Long-Term Manipulation of the Gold Price."
The study represents the most thorough and detailed
examination of allegations that the gold market has been
subjected to severe price manipulation over the past
several years.
Commenting on the landmark report, John Embry, chief
investment strategist for Sprott, stated: "We at Sprott
Asset Management have felt for some time that the gold
price has not remotely reflected its true underlying
fundamentals. In response, we have conducted a
comprehensive study of available information on the
subject and have concluded that the evidence strongly
supports those who believe that the gold price has been
and continues to be suppressed."
The study may be read in its entirety on Sprott Asset
Management's Internet site:
Sprott Asset Management Inc. is a Toronto-based
private company with more than $1.6 billion in assets
under management primarily for institutions,
endowments, and high net worth individuals. Sprott
Asset Management Inc. is the investment manager of
the Sprott Energy Fund, Sprott Gold and Precious
Minerals Fund, Sprott Canadian Equity Fund, Sprott
Bull/Bear RSP Fund, Sprott Hedge Fund LP, Sprott
Hedge Fund LP II and Sprott Opportunities Hedge
Fund LP.
For further information please contact:
Sprott Asset Management Inc.
Client Services
(416) 943-6707 or (866-299-9906)
invest@sprott.com
----------------------------------------------------
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RECOMMENDED INTERNET SITES
FOR DAILY MONITORING OF GOLD
AND PRECIOUS METALS
NEWS AND ANALYSIS
Free sites:
http://www.cbs.marketwatch.com
http://www.capitalupdates.com/
http://www.silver-investor.com
http://www.thebulliondesk.com/
http://www.goldismoney.info/index.html
http://www.minersmanual.com/minernews.html
http://www.a1-guide-to-gold-investments.com/euro-vs-dollar.html
http://www.freemarketnews.com/
http://www.investmentrarities.com/
http://www.kuik.com/KH/KH.html
(Korelin Business Report -- audio)
http://www.plata.com.mx/plata/home.htm
(In Spanish)
http://www.plata.com.mx/plata/plata/english.htm
(In English)
Subscription site:
http://www.lemetropolecafe.com/
Eagle Ranch discussion site:
http://os2eagle.net/checksum.htm
Ted Butler silver commentary archive:
http://www.investmentrarities.com/
----------------------------------------------------
COIN AND PRECIOUS METALS DEALERS
WHO HAVE SUPPORTED GATA
AND BEEN RECOMMENDED
BY OUR MEMBERS
Blanchard & Co. Inc.
909 Poydras St., Suite 1900
New Orleans, Louisiana 70112
888-413-4653
http://www.blanchardonline.com/
Centennial Precious Metals
3033 East 1st Ave., Suite 403
Denver, Colorado 80206
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.
Montrose, Colorado 81401
www.ColoradoGold.com
Don Stott, Proprietor
1-888-786-8822
Gold@gwe.net
El Dorado Discount Gold
Box 11296
Glendale, Arizona 85316
http://www.eldoradogold.net
Harvey Gordin, President
Office: 623-434-3322
Mobile: 602-228-8203
harvey@eldoradogold.net
Investment Rarities Inc.
7850 Metro Parkway
Minneapolis, Minnesota 55425
http://www.gloomdoom.com
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
Montreal, Quebec H3B 1M1
Canada
Toll-free:1-800-363-7053
Fax: 514-875-6484
http://www.kitco.com
Lee Certified Coins
P.O. Box 1045
454 Daniel Webster Highway
Merrimack, New Hampshire 03054
www.certifiedcoins.com
Ed Lee, Proprietor
1-800-835-6000
leecoins@aol.com
Miles Franklin Ltd.
3015 Ottawa Ave. South
St. Louis Park, Minn. 55416
1-800-822-8080 / 952-929-1129
fax: 952-925-0143
http://www.milesfranklin.com
Contacts: David Schectman,
Andy Schectman, and Bob Sichel
Missouri Coin Co.
11742 Manchester Road
St. Louis, MO 63131-4614
info@mocoin.com
314-965-9797
1-800-280-9797
http://www.mocoin.com/
Resource Consultants Inc.
6139 South Rural Road
Suite 103
Tempe, Arizona 85283-2929
Pat Gorman, Proprietor
1-800-494-4149, 480-820-5877
Metalguys@aol.com
Swiss America Trading Corp.
15018 North Tatum Blvd.
Phoenix, Arizona 85032
http://www.swissamerica.com
Dr. Fred I. Goldstein, Senior Broker
1-800-BUY-COIN
FiGoldstein@swissamerica.com
----------------------------------------------------
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