The Gold Anti-Trust Action Committee was organized in January 1999 as a Delaware corporation to advocate and undertake litigation against illegal collusion to control the price and supply of certain financial securities, particularly securities involving gold.
The committee arose from essays by Bill Murphy, a financial commentator, and by Chris Powell, a newspaper editor in Connecticut, published at Murphy's Internet site, www.lemetropolecafe.com.
Murphy's essays reported evidence of collusion among financial institutions to control the price of gold. Powell, whose newspaper had been involved in antitrust litigation, replied with an essay proposing that gold interests should act on Murphy's essays by bringing suit against the financial institutions involved in the collusion against gold.
The response to these essays from gold interests throughout the world was so favorable that Murphy, Powell, and two others -- John D. Meyer, a money manager in Massachusetts, and Boudewijn Wegerif, an economist in Sweden, formed the committee. Murphy is chairman, Meyer vice chairman and treasurer, Powell secretary, and Wegerif moderator of GATA's email discussion group.
The committee is raising money and recruiting a law firm for the lawsuit it advocates.
GATA also seeks to disclose and publicize the huge speculative short positions in gold taken by financial institutions and bullion banks. GATA believes that 3,000 tons of gold have been sold short by these speculators, even as yearly mine supply of gold in 1998 was only 2,529 tons. When, through our lawsuit, we are able to show how short in gold even one major financial institution really is, other institutions will buy gold in quantity, knowing the short position in gold is too large to close without causing a substantial rise in the price of gold. Then the gold collusion game will be over.
gata.org
The law firm has been signed. We have a hand ful of good strong congressmen and women on our side and a couple of senators.
please have a visit, help, contact every mining company you own shares in about gata, forward sales positions,
and manipulation of the price of gold, also, they still need money. |
