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GATA in the Press
RBC Global Investment Management Inc., Royal Bank of Canada's Investment House, Endorses GATA's Case.
Submitted by admin on Thu, 2002-06-20 03:00 Section: GATA in the PressClearly, with gold stocks on a tear as the gold price moves laboriously forward battling the fervent attempts to suppress it, one must be comfortable with the notion that the gold price is going to overcome the forces that are aligned against it. What is happening today is no different than what was happening in the late '60s and the very early '70s, when the Gold Pool was in existence and the gold price was contained at $35 per oz. by a consortium of central banks that dumped a considerable amount of gold to keep prices down. Today, instead of the overt action of yesteryear, it is covert because the market is allegedly free, and it has entailed a different mechanism, which has resulted in a humongous physical short position. In addition, there has been an enormous amount of derivatives piled on top, which could make the ultimate upside explosion all the more spectacular.
Bugged byGold: A Simmering Debate on the Economics of Gold Has Taken a Turn
Submitted by admin on Sun, 2002-06-09 03:00 Section: GATA in the PressBy Jane Bussey, Miami Herald, June 9, 2002
As Gold Fields Ltd. moved up in the world last month -- debuting on the Big Board -- the South African mining company tapped anti-apartheid crusader Nelson Mandela to help ring in what they hope is a new era in the world of gold.
Once the source of the riches of kings, in recent years gold had ceded its spot as a
financial hedge in troubled times to the mighty dollar and bubbling Nasdaq. Those
New York Post - "Silence May Not Be Golden at J.P.Morgan Chase"
Submitted by admin on Thu, 2002-05-16 03:00 Section: GATA in the PressNew York Post
by John Crudele
NOT too many people would recognize the name Dinsa Mehta, at least not outside the rarefied world of J.P. Morgan Chase's executive suite. But it was a rumor about Mehta's employment status at the bank that had the world gold market buzzing last week.
For the record, Mehta is still working for J.P. Morgan Chase, where he's been for 26 years. But he is thinking of leaving after a major shake-up reduced his responsibilities as head of global commodity risk management and global foreign exchange.
Gold Aims to Recapture Its Lustre as a Safe Hedge in Troubled Times
Submitted by admin on Wed, 2002-04-03 03:00 Section: GATA in the PressSource: Knight Ridder/Tribune Business News
Publication date: 2002-04-03
Apr. 3--After years of playing the part of Cinderella to other more-favoured financial assets, gold is finally shaking off its dowdy image and taking a shot at gaining the prize for best-performing asset market of 2002.
Since 1997, $300 (UKpound 208) an ounce has been a ceiling for gold as a combination of central bank auctions and lending to hedge funds, forward sales by gold producers and the much-touted death of inflation conspired to keep the price well below its historic high of $870 hit in 1980.
GATA Urges Support For Congressmen Ron Paul's Gold Transparency Bill
Submitted by admin on Mon, 2002-03-04 03:00 Section: GATA in the PressDALLAS--(BUSINESS WIRE)--March 4, 2002--Research by the Gold Anti-Trust Action Committee Inc. has been cited by U.S. Rep. Ron Paul, R-Texas, in support of his legislative proposal to prevent the U.S. government from intervening in the gold market without authorization from Congress.
Paul's Monetary Freedom and Accountability Act, H.R. 3732, originates in concerns that the U.S. government, acting through the Federal Reserve Board, the Treasury Department, and the Exchange Stabilization Fund, has been surreptitiously suppressing the gold price in order to distort general measures of the U.S. and world economies.
All That Glitters Is Not Gold
Submitted by admin on Mon, 2002-03-04 03:00 Section: GATA in the PressBy Kelly Patricia O'Meara
Insight Magazine
March 4, 2002, edition Posted February 8, 2002
http://www.insightmag.com/media/paper441/template/templatemedia/subscrip...
Even though Enron employees and the company's accounting firm, Arthur Andersen, have destroyed mountains of documents, enough information remains in the ruins of the nation's largest corporate bankruptcy to provide a clear picture of what happened to wreck what once was the seventh-largest U.S. corporation.
GATA Coverage (Picture) from The National Post (Canada)
Submitted by admin on Tue, 2002-02-26 03:00 Section: GATA in the PressGATA Coverage (Picture) from The National Post (Canada)
Paul Introduces Legislation Requiring Congressional Approval of Treasury Gold Dealings
Submitted by admin on Thu, 2002-02-14 03:00 Section: GATA in the PressLe Metropole Members,
The following dispatch was just sent to me by Norman Singleton, Congressmen Ron Paul's Legislative Aide. Next week The Gold Anti-Trust Action Committee will begin an all-out campaign to build support for this bill throughout Congress. That can be done by contacting members of Congress and advising them of the importance of this issue, etc. More on that to come.
New African Magazine - Why King Gold Has No Clothes
Submitted by admin on Sat, 2001-12-01 03:00 Section: GATA in the Press... manipulation of the world gold market exposed!
Poor Africa: the more our miners work, the less we get
FLASHBACK: In September 1999, in our story on page 8 headlined "Gold: Deliberate Destruction", written by our assistant editor, Regina Jere Malanda, we reported:
"Plans by Western nations and the IMF to sell their gold reserves and use the proceeds to fund debt relief for poorer countries are mired in curious mendacity. By selling their gold and causing the collapse of the gold industry in Africa, the West is destroying - with impunity - the very African countries they claim to be helping.
New African Magazine - Arm-Twisting Africa
Submitted by admin on Sat, 2001-12-01 03:00 Section: GATA in the Press...Startling revelations at the GATA African Gold Summit in Durban. Story by Adam Hamilton.
Go on, ask the question: (from left) Ghana's JJ. Kufuor and South Africa's Thabo Mbeki whose economies have suffered greatly from the rigging of the gold market, are yet to publicly demand a stop to it
While the gold price appears to be calm and placid on the surface, powerful forces war behind the scenes to shape it. The stakes are stupendously high, as the state of the gold market and the price of gold do not exist in a vacuum. Virtually every important capital market in the world, from the mammoth currency foreign exchange markets to the critical international bond markets, is affected directly or indirectly by the price of gold.
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