(GATA News) Further insight into the murky world of precious metals dealing.
Subj: Ted Butler - Unrelenting Misconduct
Date: 12/10/99 3:03:49 PM EST
From: LePatron@LeMetropoleCafe.com
To: dougak
Le Metropole members,
Ted Butler commentary at The Kiki Table entitled, "Unrelenting Misconduct."
"The recent controversy about Goldman Sachs
and its relationship with its client Ashanti
Goldfields, provides further insight into the
murky world of precious metals dealing, as
well as the title of this piece. We are
fortunate that this relationship has been
made as public as it has, for it sheds more
light on the gold manipulation that GATA is
actively looking into, and permits specific
new accusations against Goldman.
Published reports (principally from London)
have presented detail that paint Goldman Sachs
in a far different light than is normally
associated with the high powered investment
bank. For the record, I had contacted Goldman,
once again, at the highest level prior to
releasing this article, telling them the
nature of this article and giving them the
opportunity to refute my claims. Once again,
they have chosen not to respond nor refute...."
Another right on commentary by Ted Butler.
He is telling it like it is again. In time he
will be proved out as one of the savants of
the gold and silver world.
Meanwhile, an early spurt today in gold was
turned back once again. Word is that Cambior
and or Ashanti were buying back in some of
their hedges. Got that from two completely
different sources.
That fits right into the Midas of last nite
and indirectly what Ted Butler has to say.
Our officialdom, with a little help from
their friends, has whacked down the gold price
to bail out Goldman Sachs etc. as a result
of their outrageous dealings with Ashanti
and the terrible publicity that has created.
The price of gold was taken down to a price
that Ashanti could do some covering and live
with on their books.
Goldman Sachs is giving "Hannibal Lecter" a good name.
From the Swiss National Bank today:
They announced they had frozen gold lending levels seen
when 15 European central banks agreed in September
to limit gold operations.
"Clearly we had to stop further increasing gold
lending because one part of the agreement was
that central banks do not expand their gold
lending operations. So we have stopped
expanding our gold lending operations."
For new readers, the above mention of GATA is as follows.
Bill Murphy, Chairman, Gold Anti Trust Action (GATA) gata.org
Also, GATA related articles can be obtained at the pay for view site.
Bill Murphy, Le Patron, Le Metropole Cafe lemetropolecafe.com |
