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

To: d:oug who wrote (62607)	1/21/2001 8:31:01 AM
From: d:oug	Respond to of 116957

Gata Nut News - Life of Gold, a Manipulating BIS (Part V) [Start 1] French corporate governance consultancy company, Demonor, threw its hat into the ring and joined the BIS fray of Howe/GATA and SocGen First Eagle Fund (lawyered by world famous international law firm Cromwell & Sullivan). Jan. 18, 2000 - French newswires headlines: Bloomberg - BIS Minorities Sue J.P Morgan Chase, Arthur Anderson Reuters - French firm takes BIS buyout battle to court R- "A French firm contesting the terms of a compulsory buyout of private shareholders in the Bank for International Settlements said on Thursday it has started court action against BIS advisers J.P. Morgan and Arthur Andersen." Some quotes in both newswire stories: R - "Deminor has been waging the battle in Europe, but the BIS is also under attack in the United States over the buyout of the shares which were recently delisted in Paris and Zurich." "On a separate count, U.S. gold trader Reginald Howe has filed a suit alleging that the BIS colluded with other central banks to depress the world gold price. Howe, who is himself a private BIS shareholder, has also complained about the buyback." B - "The minority holders say J.P. Morgan Chase's price recommendation was influenced by commercial considerations. "The No. 2 U.S. bank has a position worth nearly 450 billion French francs ($64 billion) in gold derivatives, or over 70 percent of total bank holdings in these markets," Deminor said in its statement, citing U.S Department of Treasury data. "The BIS and its central bank shareholders, meanwhile, hold 80 percent of gold stocks and control the price by regulating gold sales." [End 1] [Start 2] This is great news. Deminor is taking on Hannibal Cannibal J.P. Morgan Chase in France. SocGen is taking on the BIS in New York. The Howe/GATA camp is taking on BOTH in Boston. What a day!!!!! First, Moffet speaks of a Gold Cartel holding down the gold price. Then, Deminor takes on J.P. Morgan Chase in French court for doing the same thing. GATA's colors are flying high. When is the rest of the gold world going to wake up and get behind the Howe/GATA Complaint. The Gold Cartel is very vulnerable and can be beaten as GATA keeps saying. That means the price of gold rises hundreds of dollars! If that is not enough - rumor of the day from... [Start 2.1] France's Laurent Fabius on US Economy, EU Inflation: Comment Versailles, France, Jan. 19 (Bloomberg) - The following are comments made by French Finance Minister Laurent Fabius at a meeting near Paris: "The slowdown in U.S. economic activity, continued worries about Japan, and uncertainty in the Asian Tiger nations, have rekindled the debate about worldwide growth. "I have always considered the idea that the American economy had discovered the secret of perpetual growth naïve. The conditions we've seen for some time now, including the lack of savings and the external trade deficit, were inevitable financial negligence wrought about by the overvalued dollar. "I know, however, that the new American administration is well aware of these games and is capable of acting pragmatically in close coordination with Alan Greenspan. The Group of Seven meeting in one month will give us the possibility to discuss these questions fully. [End 2.1] What kind of "games" do you think Mr. Fabius is referring to? One thing GATA knows for sure from reliable sources, the Banque de France knows exactly what games have been played in the gold market. As this French query the U.S. quietly in a diplomatic setting, GATA will be bearing down The Gold Cartel's throat publicly via the Howe/GATA Complaint. It is only a matter of time now before the mainstream U.S. "free" press will no longer be able to censor what GATA has to say. In a week GATA leaves on its two week trip to South Africa. Unlike Summers... GATA will have a completely different story to tell the Africans when it comes to how the hypocritical Clinton Administration really treated them. [End 2]