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Politics : Foreign Policy Discussion Thread
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To: Hawkmoon who wrote (716)12/18/2002 3:41:55 PM
From: lorne  Read Replies (1) of 15987
 
OT. Hawk... You watching this? Saudi Arabia even in this.

Barrick Gold Corp. And J.P. Morgan Chase & Co. Accused by Blanchard and Company Of $2 Billion Illegal Gold Market Manipulation
12/18/2002 2:41:00 PM

....." NEW ORLEANS, Dec 18, 2002 (BUSINESS WIRE) -- An anti-trust lawsuit filed today accuses Barrick Gold Corp., Toronto, and J.P. Morgan Chase & Co., New York City, of "unlawfully combining to actively manipulate the price of gold" and making (US)$2 billion in short-selling profits by suppressing the price of gold at the expense of individual investors. "....

"In 1983, Barrick was a start-up with a single mine in Canada, a founder with no experience in the gold business, and principal investors from Saudi Arabia."

Full article >>>
cbs.marketwatch.com
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