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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: re3 who wrote (50525)	3/19/2000 11:15:00 PM
From: d:oug	Read Replies (1) \| Respond to of 116814

<<alright Doug, answer these two questions and we'll go from there.>> ikegodsey. The weighting of barrick abx in the xau is off topic, as is <<assume you are right about abx and it goes to zero>>. Seems to be a lot of confusion on this thread as to it's purpose and the role of GATA, the Gold Anti-Trust Action Committee Inc. of which Bill Murphy is Chairman, at location gata.org Also some confusion about how Barrick Gold ABX is a correct on topic subject to be discussed on this thread that has a purpose to monitor past current and future events that determine the price of gold. For example, to determine if Barrick Gold ABX should be a buy/hold/sell is an off topic issue, as only the role Barrick Gold ABX has had in past along with it's current role to determine the price of gold is on topic. This with the understanding that most gold mine companies have a role of a passive or minimual nature to determine the price of it's product as the market's role of supply & demand determines it in a free market. But if the gold market was not of a free nature, but manipulated, then if a gold mine company like Barrick Gold ABX was in collusion with those who committed these criminal activities, then Barrick Gold ABX has and is in a catagory of that which has and currently determining the price of gold. If so then the Gold Anti-Trust Action Committee Inc. activities will now be included as a major factor to determine the near future of the price of gold if what they say is on target with a follow thru. There is too much for a single post to explain what GATA is, so I will do it in a series of posts to step thru its history. And yes, Bill Murphy Chairman of the Gold Anti-Trust Action Committee Inc. has given me permission to post information from gata.org Under consideration thru a recommendation by me to Bill is to place on gata.org another type Latest News page that rather than have the latest major article or event of GATA like his Alaska trip, but more of a loose whats happening, or update to what happened, or attention to possible or scheduled events like his talks in New York. This ofcourse is Bill's decision and would give more "life" to gata.org on the web site. For those who have not yet visited gata.org I would like to make clear that it is a free and open site to all. Also, I am not sure but there may be a notification next to the copyright statement that any iformation of this site may be reproduced for display elsewhere just so that the full url link is given and no modification or misrepresentation of context are made. Please note that much of whats on gata.org has not yet been update to reflect current status. For example, activity with the law firm for the lawsuit it advocates has progressed much further than the follow history page of GATA gives the impression of. This will be updated later in my posts of further information on this GATA site. gata.org 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 the committee was formed. Murphy is chairman and Powell is secretary/treasurer. 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 10,000 tons of gold or more 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. [End.] gata.org