1:24a ET Wednesday, August 29, 2001 Dear Friend of GATA and Gold: Tim Wood of www.theminingweb.com has joined the Tocqueville Gold Fund's John Hathaway in concluding that the gold market is probably being manipulated by the U.S. government. Wood writes of the "conspiracy theory" advanced by GATA for the last three years: "Hathaway is no longer flirting; he's hitched. The logic he uses is compelling. The Fed has lost control but needs to signal its authority, so it steps on gold. There is certainly a precedent to manipulate gold in the academic work of previous Treasury Secretary Lawrence Summers. "There is a sublime irony in all of this. If the gold price is being managed, then there is no greater testament to its importance. The behaviour of Comex traders gives that scenario further credence by matching it with monetary policy events. Now I'm flirting. But, if you can follow the logic, official denials of gold's worth are inversely true of its intrinsic value." Wood's essay is headlined, "Gold flounders; insiders preach patience." You can find it at: http://www.theminingweb.com Click on "gold" at the top right of the home page. The headline should appear on the second screen. CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. __________________________________________ If you benefit from GATA's dispatches, please consider making a financial contribution. GATA welcomes contributions as follows. By check: Gold Anti-Trust Action Committee Inc. c/o Chris Powell, Secretary/Treasurer 7 Villa Louisa Road Manchester, CT 06043-7541 USA By credit card (MasterCard, Visa, and Discover) over the Internet: http://www.gata.org/creditcard.html By bank wire: Gold Anti-Trust Action Committee Inc. c/o Savings Bank of Manchester 923 Main St. Manchester, CT 06040 USA Bank routing number 211-170-185 For account number 9500-574-053 By Gold Money: http://www.GoldMoney.com Gold Anti-Trust Action Committee Inc. Account number 50-08-58-L By E-Gold: http://www.e-gold.com Gold Anti-Trust Action Committee Inc. Account number 110915 GATA is a civil rights and educational organization under the U.S. Internal Revenue Code and contributions to it are tax-deductible in the United States. -END- ------------------------ Yahoo! Groups Sponsor ---------------------~--> <FONT COLOR="#000099">The Nissan Sentra Everything but compact </FONT><A HREF="http://NissanDriven.com";><B>Click Here!</B></A><FONT COLOR="#000099"> </FONT><A HREF="http://us.click.yahoo.com/3vsIKC/txlCAA/ySSFAA/WfTolB/TM";><B>Click Here!</B></A> ---------------------------------------------------------------------~-> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
