: Shorting the Big Banks (e.g. JPM, BT, CMB, CCI)
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To: +JEB (253 )
From: +Bill Murphy Saturday, Feb 20 1999 6:59PM ET
Reply # of 259
Thank you JEB,
I am long this and will post it to let you know what we are up to. Behind the scenes a holy war is breaking out.
Bill
Dear Le Metropole Members:
It is time for the Gold Anti-Trust Action (GATA)
movement to move into high gear.
We have held serious discussions with a prominent anti-
trust and class-action law firm, one of the most
successful firms in the United States, and with an
equally prominent international public relations firm.
To retain them in our war against the financial
interests that are colluding to suppress the price of
gold, we are amassing a war chest.
So now we call upon gold shareholders, gold mining
companies, and all people who believe in gold's
historic monetary function to contribute to GATA's war
chest and thereby help us commence our lawsuit and
become part of history in the making. No donation is
too small -- and, of course, no amount is too large
either.
We are up against the most powerful financial interests
in the world. From the beginning our press releases
have identified some of the colluders against gold,
particularly the investment houses that participated in
the bailout of Long-Term Capital Management and the
houses that formed the Counterparty Risk Management
Group, including Goldman Sachs and J.P. Morgan.
Since the work ahead of us is huge, our goal is to
raise an average of $200 from 15,000 individuals and
gold mining companies. That kind of support will enable
us to sustain our legal and public relations firms
against the opposition.
To build excitement for our cause and our fund raising,
GATA is producing a print of the colorful GATA painting
that represents our cause at the Matisse Table at
lemetropolecafe.com. If you are not a member
of the cafe, we will notify you when the GATA web site
is operational so you may view the painting there.
The GATA painting is the work of Absolut vodka artist
Alain Despert. (To learn about him, visit La Boutique
at www.lemetropolecafe.com.) Only 300 limited-edition
copies of the GATA painting will be produced from the
original. Each of these will be of the highest quality:
a collectible gyclee, printed on hand-torn arches paper,
20 1/2 inches by 32 inches, and signed and numbered
by the artist.
We will ship a print of the GATA painting to GATA's
first 300 donors of $500 or more, including those who
already have donated that much. For the purpose of
qualifying for a print, we'll count donations
cumulatively. That is, if you've already sent less than
$500 already, we'll send you a print if you donate
further and reach $500, for as long as prints remain in
stock.
If you want a print, please include an additional $25
for shipping to addresses in the United States and
Canada, and an additional $50 for shipping elsewhere.
Contributions may be mailed to Gold Anti-Trust Action
Committee Inc., in care of John D. Meyer, Treasurer, at
Post Office Box 885, Great Barrrington, Mass. 01230,
U.S.A.
Contributions may be sent by bank wire to Gold Anti-
Trust Action Committee Inc., in care of Berkshire Bank,
ABA No. 211871691, 244 Main St., Gt. Barrington,
MA. 01230, ffc GATA 48808319.
If you send a contribution, please let us know if you
would like to have your name and hometown placed on the
GATA List of Honor at our Internet site, www.gata.org,
and at our Internet discussion group,
www.egroups.com/list/gata/.
If you have any questions about contributions or the
GATA painting, please write to GATA Treasurer John B.
Meyer at Box 885, Great Barrington, Mass. 01230 U.S.A.,
or at BFAMeyer@aol.com.
One of GATA's objectives is to disclose and publicize
the huge speculative short positions in gold taken by
financial institutions and bullion banks. We believe
that 3,000 tons of gold 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.
Thank you for considering a contribution to GATA. We
promise to do our best to make it a profitable
investment for all those who would like gold restored
to its rightful place in international finance. Please
spread the word of GATA around the Internet.
All the best,
Bill Murphy, Chairman
Gold Anti-Trust Action Committee Inc.
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