GATA in the Press

By Adam Aljewicz
Dow Jones Newswires
May 9, 2001

JOHANNESBURG -- It's around two years since the U.S.-
based Gold Antitrust Action Committee came out and
accused some of Wall Street's finest of conspiring with
the Bank for International Settlements and U.S.
government and Federal Reserve officials to depress the
price of gold.

In those two years GATA has been vilified by market

Analyst claims central bank's meeting minutes belie denials

By Jon Dougherty
© 2001 WorldNetDaily.com

A gold market analyst who has long suggested the federal government was involved in manipulating the price of gold says he discovered proof of his allegations in six-year-old Federal Reserve Board meeting minutes.

The charges, first made by the Gold Anti-Trust Action Committee in 1999, are allegedly borne out in Federal Reserve Board meeting minutes dated Jan. 31, 1995, which were discovered by GATA analyst Reginald Howe, who has filed a lawsuit against the Fed, the U.S. Department of the Treasury, the Bank for International Settlements and "various investment houses."

Summary:

FRANKFURTER ALLGEMEINE ZEITUNG
August 25, 2000

FRANKFURT, Aug. 24 -- At first glance it is indeed difficult to understand how a market, such as the gold market, which shows a chronic production deficit, is decaying during decades and how this results in prices that force an ever- increasing number of gold producers to abandon their business.

In the free market, which in the case of gold is being "made" by the leading business and investment banks, they have to take a good look at the solvency of their own clients as well their counterparties, when trading with derivatives.