An open letter to Mr. Gartman,
From Bill Murphy, Gold Anti Trust Action Committee Chairman
Dear Mr. Gartman,
You have told your readership that GFMS condemned our investigation into the manipulation of the gold market and that you agreed with their condemnation. Do you also condemn Newmont Mining, Homestake, Ashanti, Placer Dome, Gold Fields and Anglogold for "demanding" a similar investigation?
Part of our investigation is trying to determine if Long Term Capital Management was let out of a"borrowed gold position" in an off market "rigged" transaction. That could very well be a violation of anti-trust laws. And of all people, you say in your own commentary that such a transaction has occurred. What gives?
And finally, what did you expect Her Majesty's government to say from the gitgo? Oh, yes the sale is part of some sort of collusive activity! Do you recall President Nixon, " I am not a crook" or President Clinton "wagging his finger" denying any Monica Lewinsky involvement? Did you believe them too? Remember the embarrassed grin on former Clinton Press Secretary, Mike Mc Crary?
You have a very good reputation, but you sure are missing the boat on this one.
If you care, it would be my pleasure to get you up to speed and explain to you a good bit of what we know is going on here and will start by sending you this Midas. You might also like to know that I spoke with a major gold producer today and they are in "battle station mode". That letter to Prime Minister Blair was not sent to the head of state of England with nothing to back it up. The CEO's that sent the letter are very conservative people and very proper. You can be sure that was just a warning salvo; ie, "do something about the mess you have created or face the consequences".
Along that line, Prime Minister Blair cancelled a 3 day overseas trip today to "work on the Northern Ireland problem".
As far as I know the Northern Ireland problem has been around awhile. Perhaps, Mr. Blair has another, new big problem to deal with.
All the best,
Bill Murphy
Rap up: The Canadian Broadcasting Company called today and wanted to know about GATA as they heard about the letter that was sent to Prime Minister Blair. They said that if only a portion of what we are saying is true, it will be a bigger scandal than "Watergate" because people are being devastated all over the world by this one.
Midas |
