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

To: goldsheet who wrote (93612)	2/16/2003 11:17:57 PM
From: d:oug	Respond to of 116760

Another gold market analyst accepts GATA's work . Date: 2/16/03 From: Le Patron @ Le Metropole Cafe To: Sidougak@freezie.com . Le Metropole Member, . Dear Friends of GATA and Gold: . Here's another gold market analyst who says he is inclined to believe that central banks have been suppressing the gold price through the mechanisms identified by GATA but who can't quite bring himself to credit our work by name. . Oh, well -- the word is still getting around. . CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. . Fundamentals are pushing gold into super-bull territory . By Victor Hugo Sunday Times, South Africa February 16, 2003 . sundaytimes.co.za . Sceptics who don't believe the bull run in gold will last... ... In conclusion, I believe gold shares are at... Buy now, and buy more in dips. --------------------------------- Victor Hugo is an analyst at HugoCapital.com and saGOLDS.com . GATA is a civil rights and educational organization under the U.S. Internal Revenue Code and contributions to it are tax-deductible in the United States. . All the best, Bill Murphy Le Patron, Le Metropole Cafe Chairman, Gold Anti-Trust Action gata.org

To: goldsheet who wrote (93612)	2/16/2003 11:36:57 PM
From: d:oug	Read Replies (2) \| Respond to of 116760

paper examines Blanchard suit against... . Date: 2/16/03 From: Le Patron @ Le Metropole Cafe To: Sidougak@freezy.com . Le Metropole Member, . [GATA] New Orleans paper examines Blanchard suit against Barrick, Morgan Chase . Dear Friends of GATA and Gold: . Sunday's New Orleans Times-Picayune, the biggest newspaper in Louisiana, has an excellent story about Blanchard & Co.'s lawsuit against Barrick Gold and Morgan Chase. . The story describes very well the opportunity for collusion among Barrick, Morgan Chase, and the central banks for suppressing the gold price. . The newspaper's business writer, Stewart Yerton, took a lot of time to understand the situation. . This is a good one to distribute to other news organizations. . Please help GATA do that. . CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. . * * * . GOLDEN FLEECING? . A New Orleans retailer is accusing a mining giant and one of the biggest names on Wall Street of illegally manipulating the price of gold . By Stewart Yerton New Orleans Times-Picayune Sunday, February 16, 2003 . In a David-and-Goliath antitrust battle... ... last week, Barrick fired Chief Executive Randall Oliphant, who has been credited with devising the company's gold-hedging strategy, which is at the center of the lawsuit. ... it's a very big event," said Chris Powell, secretary-treasurer of the Gold Anti-Trust Action Committee Inc., an advocacy group set up to fight what it has alleged to be collusion to manipulate the price and supply of gold. The Blanchard suit, Powell said, "is a very big story." . GATA, as Powell's group is known, previously brought an antitrust suit against a wide-ranging group of alleged conspirators, including Federal Reserve Chairman Alan Greenspan. That suit was dismissed by a federal judge in Boston, making the Blanchard litigation the best hope for the gold bugs who believe there's much more affecting the gold price than traditional market forces. . "It is probably as promising a vehicle for getting at the truth of what's happening in the gold market as there is," said Powell. . To hear management explain it, Barrick can't lose -- whether the price goes up or down... the ultimate win-win combination," Barrick says. . ... during last week's conference call, Barrick Chairman Peter Munk said the company had failed to translate higher gold prices into benefits for the company's shareholders. . "Underperformance," Munk said... ... "But just because something seems intelligent or smart or savvy from the outside doesn't make it the right thing to do, " he said. "Five years ago everyone was saying the same thing about Enron." -END- . All the best, Bill Murphy Le Patron, Le Metropole Cafe Chairman, Gold Anti-Trust Action gata.org