SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?


To: Zardoz who wrote (957)2/10/1999 9:05:00 PM
From: Bill Murphy  Respond to of 3558
 
Thank you Hutch,
I have spoken to Randall in the past, but not on this type of level.
I will send in a question from GATA. We will have to see what the bureaucrats say.
Very good idea.

bill



To: Zardoz who wrote (957)2/10/1999 9:29:00 PM
From: Bill Murphy  Read Replies (1) | Respond to of 3558
 
Hutch,
I hope someone can follow up on this in Canada:

To: Randall Oliphant
From: Bill Murphy
Chairman
GATA

Randall,

Nice to be in touch with you again.

It is the opinion of our gold anti-trust action committee that there has been a collusion by certain NY investment houses to hold the price of gold. We believe they have substituted a "gold carry" trade for the "yen carry" trade. We believe the total short position by these voracious shorts, and others, is as much as 3,000 tonnes. You know was well as I, if true, that cannot be covered in a short period of time.

We hope to have an anti trust law firm under retainer in a few weeks to help us in our investigation.

Barrick is the leader in the industry. Why do you not support us?. Why do you not cover your hedges that have realized hundreds of millions of dollars in profits? Why do you not do so and then tell everyone what you have done? Many other producers will follow and buy their shorts back too. The price of gold will rise. The spec shorts will panic. Your shareholders will be very happy.

All the best,

Bill Murphy
Chairman
GATA
midasnh@aol.com or in the US -603 433 9389