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Astonished gold market analysts note FT's praise for GATA
Published : January 30th, 2013
242 words - Reading time : less than a minute
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Keywords :   Bundesbank | Gata | Gold | Gold Market | Lead | Libor | Silver | Transparency |

Astonished notice of today's praise of GATA by the Financial Times has begun to come in from those gold market analysts who have managed to pick themselves up off the floor.

The daily note from John Brimelow's Gold Jottings says: "In a development which will be astonishing to veterans of the Gold Wars, the Financial Times today, in a discussion emphasizing how drastic the Bundesbank's shift to transparency about its gold activities has been, salutes the Gold Anti-Trust Action Committee. ... GATA has been completely justified in its complaints that its views have been excluded from the mainstream media for years. This is a remarkable development."

And Mark O'Byrne's daily note at GoldCore says: "Those who have dismissed the Gold Anti-Trust Action Committee or GATA as 'conspiracy theorists' may now wish to apologise and acknowledge the documentation and evidence that GATA have amassed over the years.

"GATA have long made a strong case that certain banks may have been manipulating gold and silver prices lower, in the same way that banks conspired to rig LIBOR and interest rates. ... The FT article is an important development and may help bring about a free market in gold and silver. This should lead to a revaluation of precious metal prices to the higher levels that have been expected by more astute analysts for some time and which are merited due to the very strong fundamentals."

The GoldCore commentary is posted at GoldSeek here:

http://news.goldseek.com/GoldSeek/1359464400.php

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Chris Powell

Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.
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