-Caveat Lector-
BF>"Silver and gold!"---Bono.
They will throw their gold in to the streets when they realize that it avails them
not.
Capitalism is a fine system, but we now have a greed-ocracy that is attempting to
create a world
fedual state. China in the WTO, and no word of protest!
They have come a long way since August '01. Indeed.
Bates
[EMAIL PROTECTED] wrote:
> ------------------------------------------------------------------------
>
> Subject: [GATA] GATA conference recommended by Thom Calandra at CBSMarketWatch
> Date: Sun, 17 Feb 2002 19:36:19 -0000
> From: "cxpowell" <[EMAIL PROTECTED]>
> To: [EMAIL PROTECTED]
>
> Thom Calandra's Stockwatch
> www.CBSMarketWatch.com
> February 15, 2002
>
> The gold conspiracy
>
> If you're looking to be, as is said of hockey great
> Wayne Gretsky, where the fiscal "puck" will be in
> a month or two, review this week's two hours of
> presentations by the Gold Anti-Trust Action
> Committee to journalists and investors at the
> Washington Press Club.
>
> GATA Chairman Bill Murphy and others describe
> how the world's largest bullion banks have
> manipulated the market for gold prices, in essence
> depressing the price in an effort to promote
> profitable bullion lending.
>
> See the testimony on C-Span.
>
> "It's like a neutron bomb; it's like Enron," said
> Murphy, a former Wall Street commodities trader.
> He and the members of GATA see gold prices
> "melting up" to $600 an ounce and more as the
> world's largest money-center banks and hedged
> gold producers unwind tens of trillions of dollars
> of derivative trades and other gold short-sales
> and exchanges.
>
> "It's coming," Murphy says. "I can't predict the
> timing." Central banks and commercial banks
> conspired to keep the price of gold depressed in
> the late 1990s as a way of manipulating economic
> signals, he says.
>
> -END-
>
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