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The third or fourth incarnation of what has become
your secretary/treasurer's "stump speech" on gold price suppression
was prepared yesterday for a dinner of financial people in London that may
have been most notable for one fund manager's disparagement of GATA's work.
Why are we complaining about manipulation of the gold market, he asked, when
everyone knows that governments these days are manipulating all
markets?
Hinde
Capital CEO Ben Davies, who was in the audience, quickly interjected that
such manipulation raises a moral question, but that disparaging fund manager
didn't seem to be having any of it. He seemed to figure that it was simply
his job to try to make money for his clients whatever the circumstances
facing him.
No one could criticize him for upholding his
obligation to his clients. But a prominent financial journalist was also
present at the dinner, and it would be shocking news to her publication's
readers that governments are now manipulating all markets, including the gold
market. For despite many importunings her
publication has yet to report that sort of thing.
Well, maybe someday.
If you've followed GATA for a while you'll already
have seen most of what's in the latest version of the "stump
speech," though it has been updated to reflect developments of recent
weeks. It is headlined "Gold Price Suppression Purposes and Proofs"
and has been posted in the GATA "Documentation" archive here:
http://www.gata.org/node/10554
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Join GATA here:
The Silver Summit
Thursday-Friday, October 20-21, 2011
Davenport Hotel, Spokane, Washington
http://cambridgehouse.com/conference-details/the-silver-summit-2011/48
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Wednesday-Saturday, October 26-29, 2011
Hilton New Orelans Riverside Hotel
http://www.neworleansconference.com/
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Or a colorful poster of GATA's full-page ad in The
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