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Gold/Mining/Energy : Gold Price Monitor

GDXJ 101.44

+3.5%

Nov 12 4:00 PM EST

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To: Richnorth who wrote (83576)	3/21/2002 8:12:45 AM
From: d:oug	Read Replies (2) of 116756

museum-piece (or) news a few days old Big fight brewing over regulation of metals derivatives Dear Friend of GATA and Gold: This Reuters story is a few days old but it indicates that a big fight is brewing in Congress over regulation of derivatives in the over-the-counter metals markets. How fascinating that Fed Chairman Alan Greenspan, Treasury Secretary Paul O'Neill, Senate Banking Committee ranking member Phil Gramm, and Gramm's wife, Wendy, former chairman of the Commodities Futures Trading Commission and a member of the board of directors of Enron, don't want a public examination of the metals derivatives markets. And how fun that a liberal Democrat... should want just the sort of greater transparency already advocated by Texas Rep. Ron Paul with his legislation to bring the Exchange Stabilization Fund to heel before Congress. Something big may be going on here. CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. gata.org (click for full details) groups.yahoo.com

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