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Hi,
This is Bill Murphy, GATA chairman and of #810081;">www.LeMetropoleCafe.com, and this is about my commentary on
Friday. To get right to the point, three quality sources told me three weeks
ago that the gold and silver markets were going to take off in August and I
have been pounding the table on such ever since. The action in the Gold
Cartel suppressed precious metals markets the past few days suggests that
surge has already started.
As part of this
surge, it has come to my attention that the nefarious activities of JP
Morgan’s manipulative short position in the silver market is going to
come to light in August, especially since they still have a big problem with
that position … and part of it relates to their announced “whale
trade loss issue,” if what I am told is spot on.
The
Barclay’s Libor scandal has alerted the investment world how
manipulated the financial markets really are. The Gold Anti-Trust Action
Committee has been sounding off on this critical issue since January 1999. On
January 31, 2008, the Wall Street Journal printed GATA’s $264,000 full
page color ad about the ramifications of the gold price manipulation scheme.
We used the words “disaster” and “catastrophe” about
what was coming in that very ad. In typical fashion, the press ignored GATA
and how prescient we were…
#810081;">http://www.gata.org/node/wallstreetjournal
Two months later
the financial market collapsed in the US began in full fury.
Perhaps this
portion of my Friday commentary will be of interest to you before the end of
summer:
It is time for
things to happen. As you know by now, I have been jumping up and down for
fireworks to happen in August. We shall see. All I can say is that what has
been brought to my attention over last three week period from the "best
of" sources all points to the same conclusion. It will be nitty gritty time SOON. Perhaps that “soon”
is “now” the way gold has traded the past three days.
If what I think I
know is correct, it will be time to pour it on our adversaries and send them
running for the hills. It got me to thinking of some old time energy which
could recirculate to give The Gold Cartel the PUSH in that direction of those
hills.
So much time goes
by, many veteran Café members and GATA supporters might forget where
one of GATA’s initial energy efforts came from to defeat The Gold
Cartel. It surfaced from GATA’s trips to South Africa and relates to
Africa’s greatest general in history, Zulu warrior chieftain SHAKA. It
was around that time that one of the greatest movies ever, Zulu, starring
Michael Caine, was on cable TV over and over again. It caught my imagination
about how GATA could employ SHAKA’s battle plan to win the day for us
… especially pertinent in that the Zulu miners were suffering so badly
due to the heinous Gold Cartel’s price suppression scheme, as was all
of South Africa.
So, retro time,
as we continue to follow the SHAKA battle plan to defeat the heinous Gold
Cartel…
An update on that
Enveloping Horn Strategy…
*Our legal
efforts against The Gold Cartel at the point of the horn are ongoing, as you
well know by our latest FOIA efforts.
*Our left flank
efforts with the press to expose The Gold Cartel’s price suppression
scheme have gone on further than imaginable, what with all the evidence GATA
has come up against them. Never in my wildest dreams could I have imagined
how bought off and cowardly the financial press really is. I could go on and
on here, but you get it and know that by now. The good news is the sleepy and
kowtowed financial market reporters finally have their sniffers going in our
direction after all these years.
*Our right flank
already has won a clear victory. The big hedgers, AngloGold and Barrick, allied with The Gold Cartel back then, ended up
running for their own hills and took something like $20 billion in losses for
their ill-advised association with the dark side. $20 BILLION! GATA was right
and the shareholders of those firms paid the consequences. Of course, all
those higher ups at Barrick especially, just get
off with tens of millions in compensation. "SO BE IT," as SHAKA
would say.
One more thing,
and prior to our GATA conference, I met with the KING of the Zulus in Durban,
South Africa, a direct descendant of SHAKA. I promised him GATA would win the
day for his Zulu miners. While his security was extensive and time consuming,
he was a most engaging man and great company…
A 40 second sound
bite before GATA’s historic Gold Rush 21 conference in the Yukon’s
Dawson City in August of 2005. Andrey Bykov, economic advisor to Russia’s President Putin
at the time, said it was the finest conference he ever attended. He then came
back to GATA’s sold out conference at the Savoy Hotel in London a year
ago, at which 400 people attended from 38 countries…
#810081;">http://youtu.be/kQQNZZobzyo
Bill Murphy
Chairman
Gold Anti-Trust
Action Committee
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