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Gold/Mining/Energy : Gold Price Monitor

GDXJ 99.85

+6.2%

Nov 24 4:00 PM EST

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To: John Hunt who wrote (33689)	5/12/1999 6:46:00 AM
From: John Hunt	Read Replies (3) of 116764

Gold conspiracy theorists go into over-drive << THEY look like you and me; have ordinary jobs, families even. But they differ in one essential way. They are "gold conspiracy theorists". Men and women linked the world over by a faith in the value of gold, and an unstinting belief that the dollar gold price is being sabotaged by short people in high places. Gold conspiracy theorists come in different shapes and sizes. One of the more extreme factions is the US-based organisation Gata or the Gold Anti-Trust Action Committee. It asserts, in strident terms, that the gold price is being manipulated; in other words, whenever the gold starts on a rally, action is taken to depress sentiment about the metal, thereby pegging the price. Two of SA's gold producers, while supporting Gata's assumptions about gold price manipulation, have dismissed the group as "right-wing wackos". "It's the way they make their points," one representative said. Unperturbed, Gata recently retained anti-trust and securities law firm Berger & Montague to help them present evidence that the price and supply of gold is being controlled by a cartel of Wall Street investment houses and bullion banks...... >> moneyweb.co.za I dunno ... Is good ole Bill a right wing wacko? < vbg > ***** Also check out the new Mining Web Feature Page at moneyweb.co.za

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