(GATA News) Summer's answer "is" is ? leasing & writing calls "is" not selling?
Subj: Bridge News - US Treasury Secretary Summers responds to GATA
Date: 1/10/00 9:04:40 AM EST
From: LePatron@LeMetropoleCafe.com
To: dougak
Le Metropole members,
The following news release was just sent to me by a Cafe member:
Bridge News - Summers: No US gold reserves being sold, no plans to do so.
"...US Treasury Secretary, Lawrence Summers Saturday strongly denied
allegations made by the Gold Anti-Trust Action Committee (GATA) that
the US government has been secretly selling its gold reserves in an
attempt to try and hold down the gold prices.
... GATA, formed a year ago, claims it has evidence that the price
and supply of gold are being controlled by a group of Wall Street
investment houses and bullion banks, with the possible encouragement
of the Federal Reserve and the US Treasury. The group alleges that
the gold market is being manipulated to ensure the gold price does
not rise sharply above $300 per once"
[END]
The paragraph above is right on the money, but as you all know
GATA has asked questions of Secretary Summers about the leasing
of US gold and writing calls against that gold position.
We never suggested that the US was selling its gold which would
require Congressional approval.
Bill Murphy ( Midas )
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 |
