Chart usGOLD   Chart usSILVER  
 
Food for thought
Hell hath no fury like Silver headed for Glory
Ron Rosen  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1172.59-0.01
Silver 16.13-0.02
Platinum 1232.000.75
Palladium 788.20-1.55
WORLD MARKETS
DOWJONES 17391182
NASDAQ 463165
NIKKEI 16414756
ASX 550548
CAC 40 423392
DAX 9327212
HUI 156-8
XAU 65-3
CURRENCIES (€)
AUS $ 1.4230
CAN $ 1.4098
US $ 1.2524
GBP (£) 0.7830
Sw Fr 1.2051
YEN 140.6000
CURRENCIES ($)
AUS $ 1.1371
CAN $ 1.1265
Euro 0.7985
GBP (£) 0.6254
Sw Fr 0.9624
YEN 112.2700
RATIOS & INDEXES
Gold / Silver72.70
Gold / Oil14.81
Dowjones / Gold14.83
COMMODITIES
Copper 3.07-0.01
WTI Oil 79.20-1.32
Nat. Gas 3.890.06
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
Please help us get support from mining companies and World Gold Council
Published : March 14th, 2012
604 words - Reading time : 1 - 2 minutes
( 0 vote, 0/5 ) Print article
 
    Comments    
Tweet

 

 

 

 

Now that even some gold fund managers and newsletter writers have started to get suspicious about surreptitious intervention in the gold market by central banks --

http://www.gata.org/node/11045

http://www.gata.org/node/11052

http://www.gata.org/node/11058

-- maybe it's time to try again to get the support of mainstream gold and silver mining companies.

Yes, these companies are especially vulnerable if they start complaining about suppression of precious metals prices. Governments, the instigators of the price suppression, control mining licenses, royalty payment requirements, and enforcement of environmental regulations. And as mining is the most capital-intensive business, miners usually need financing by the biggest investment banks, the agents of central banks that implement the price suppression scheme.

But there's no point in cowering from governments and investment banks if you're going to be destroyed anyway, and governments and investment banks are not invincible. The price suppression schemes are surreptitious for a reason -- that is, they succeed only through deception of the markets. They can't succeed in the open, for when markets are exposed as rigged, people won't trade there anymore. The growing realization of market rigging explains the worldwide trends toward acquisition of real gold vaulted outside the Western banking system and toward development of trade-settlement mechanisms that avoid the U.S. dollar.

Your secretary/treasurer may do well enough with the functions of the first half of his job but he's not terribly skilled with the functions of the second half insofar as they include fund-raising. So may we ask for your help again?

A few mining companies -- mostly smaller exploration companies -- and a few investment houses have bravely supported GATA over the years but we shouldn't be hitting them up as often as we do. We should be seeking the support of other mining companies and investment houses, and they might consider helping if they heard from their own shareholders and investors.

So if you own shares of stock in precious metals mining companies or invest in the precious metals via a mutual fund, hedge fund, or other investment house, please write to their investor relations office and urge them to consider supporting GATA. You could tell them that GATA has pretty thoroughly exposed, documented, and litigated against the gold and silver price suppression schemes, that you've found GATA's work valuable, that we need and deserve financial assistance, that more information is available from me at CPowell@GATA.org, and that we're happy to make presentations about our work.

Please write especially if you're invested in any mining company that is a member of the World Gold Council --

http://www.gold.org/about_us/members/

-- as, unfortunately, the council long has declined to get involved with the issue of gold price suppression, though no issue is more important to the gold mining industry. You also could write to the council at info@gold.org and urge it too to start supporting GATA financially.

Painful as it was for precious metals investors, the recent smashdown in the gold and silver markets, so incongruous and counterintuitive, so obviously intended only to knock prices down at a strategic moment for the world financial system rather than to maximize profits on a long position (see the comments by Ross Norman of Sharps Pixley at http://www.gata.org/node/11054), may have been a Pyrrhic victory for the central banks. For it gave their game away.

As always it's for GATA to spread the word. We have plans for that, including speaking roles at conferences in Asia and more litigation here in the United States. We'll make the most of whatever help you can give us, either by contacting mining companies and the World Gold Council or by donating to us directly as described here:

http://www.gata.org/node/16

 

 

 

 

Tweet
Rate :Average note :0 (0 vote)View Top rated
Previous article by
Chris Powell
All articles by
Chris Powell
Next article by
Chris Powell
Receive by mail the latest articles by this author  
Latest comment posted for this article
Be the first to comment
Add your comment
TOP ARTICLES
Editor's picks
RSS feed24hGold Mobile
Gold Data CenterGold & Silver Converter
Gold coins on eBaySilver coins on eBay
Technical AnalysisFundamental Analysis

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.
Chris Powell ArchiveWebsiteSubscribe to his services
Most recent articles by Chris Powell
11/1/2014
11/1/2014
10/31/2014
10/31/2014
10/31/2014
All Articles
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Receive 24hGold's Daily Market Briefing in your inbox. Go here to subscribe or unsubscribe.
Disclaimer