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Gold/Mining/Energy : Mongolia Gold Resources -- Ignore unavailable to you. Want to Upgrade?

To: d:oug who wrote (3784)	8/25/1999 6:27:00 AM
From: d:oug	Read Replies (1) \| Respond to of 4066

A new [IMPORTANT & BIG] convert to the conspiracy camp. Gold, Mining, and Natural Resources: Gold Price Monitor From: Alex Wednesday, Aug 25 1999 Dear Friend of GATA and Gold: I have some news for you, and a question you might help me with. First, the news: GATA seems to have made another important convert: Frank Veneroso, author of the industry bible, the Gold Book Annual, and publisher of the Gold Watch fax service. In an article in the August 20 issue of Gold Newsletter (published by Jefferson Financial, 2400 Jefferson Highway, Suite 600, Jefferson, LA 70121, $198 per year), Veneroso dissects the deceit involved in the Bank of England's recent gold sales plan. Then he writes: "Five months ago we wrote a piece arguing that there was probably not a conspiracy to manipulate the gold price. "Our chief reason for taking this position was that such manipulation would probably be effective only if the official sector was heavily involved, and that there were no good reasons for an intelligent central bank or group of central banks to try to depress a market that was in an unsustainable and growing deficit. We thought one could explain the huge price resistance in the gold market in terms of other supply/demand variables. "We can no longer explain the weak gold price in terms of the latter. That fact, plus the justifiable suspicions surrounding the U.K. and IMF gold sales, provides support to -- but certainly does not provide proof of -- the thesis of the conspiracy crowd." Veneroso says the gold supply/demand deficit is much greater than even he has estimated. His conclusion: "Someday there will be an explosive bull market in gold that virtually no one today can imagine." As for the question: Can you suggest to me any gold- or investment-oriented Internet sites where GATA's dispatches might be posted without charge to publicize our cause? I have about a dozen usual haunts but I'm sure that I'm missing some good ones, particularly in Europe, Australia, and South Africa. I would be very grateful for your help. Just reply to this address with any ideas. As always, please post this wherever it seems helpful. CHRIS POWELL, Secretary Gold Anti-Trust Action Committee Inc. -END- egroups.com