Keyword: gata
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Dear Friend of GATA and Gold: In this week's edition of Kinesis Money's "Live from the Vault" program, London metals trader Andrew Maguire outlines what he says are the many bullish drivers of the gold price. He says Chinese central bank buying remained strong this week though retail buying was absent because of the "Golden Week" holidays. Indian central bank buying remained strong as well, Maguire says. Using price charts, Maguire says central bank buying is steadily driving up the gold price in calculated stair steps that prevent the physical market from becoming too disorderly. Now that the BRICs nations...
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It’s been an extremely eventful few days for one college football program. Over the weekend, Georgia Southern announced head coach Chad Lunsford will no longer be in charge of the football program. After a 1-3 start to the season, Lunsford as been fired. But that’s not all the bad news involving the program. Just a day after the team’s head coach was fired, one of the team’s players has been suspended indefinitely for a dangerous stunt. Georgia Southern redshirt senior nose tackle Gavin Adcock was captured on video before Saturday’s game against Louisiana catching a beer from a fan. Now,...
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U.S. Justice Department investigates price-setting process for gold, silver, platinum and palladium U.S. officials are investigating at least 10 major banks for possible rigging of precious-metals markets, even though European regulators dropped a similar probe after finding no evidence of wrongdoing, according to people close to the inquiries. Prosecutors in the Justice Department’s antitrust division are scrutinizing the price-setting process for gold, silver, platinum and palladium in London, while the Commodity Futures Trading Commission has opened a civil investigation, these people said. The agencies have made initial requests for information, including a subpoena from the CFTC to HSBC Holdings PLC...
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Because of recent inquiries to GATA about the possibility of an attempt by the U.S. Government to confiscate privately held gold and silver bullion and coins and shares in companies mining the precious metals, we're republishing here the correspondence between GATA and the U.S. Treasury Department on the subject in 2005. The Treasury Department was surprisingly candid in that correspondence, asserting the U.S. Government's authority, in declared emergencies, to confiscate precious metals and to restrict ownership of mining shares -- and to confiscate and restrict every other financial asset as well. So perhaps precious metals investors shouldn't feel too paranoid.
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Dear Friend of GATA and Gold: Because of recent inquiries to GATA about the possibility of an attempt by the U.S. Government to confiscate privately held gold and silver bullion and coins and shares in companies mining the precious metals, we're republishing here the correspondence between GATA and the U.S. Treasury Department on the subject in 2005. The Treasury Department was surprisingly candid in that correspondence, asserting the U.S. Government's authority, in declared emergencies, to confiscate precious metals and to restrict ownership of mining shares -- and to confiscate and restrict every other financial asset as well. So perhaps precious...
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Saudi Based Charity Trains Terrorists Click the picture for the story Stay AngryLarge map of Iraq Large map of Afghanistan Large Map of Pakistan Large Map of the Philippines Large Map of Kasmir Md. Man Accused in 'Jihad Network' Probe A Maryland man was charged with conspiracy to help a terrorist organization, part of an investigation of the "Virginia jihad network" that has so far resulted in 10 convictions, U.S. law enforcement officials said Friday. Ali Asad Chandia of College Park, Md., is named in a four-count indictment alleging he conspired to provide material support to the Lashkar-e-Taiba organization, which...
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Norway Sides with Terrorists; Abandons Their US Ally Stay Angry Large map of Iraq Large map of Afghanistan Large Map of Pakistan Large Map of the Philippines Large Map of Kasmir Text of the Iraqi Constitution Three suspected Taliban, three civilians killed in Afghan province Police killed three suspected Taliban rebels who attacked their post, and a roadside bomb blast killed three civilians and wounded four others as violence continued in southern Afghanistan days before legislative elections, a top official said Thursday. About 40 gunmen attacked a police post on a road in the mountainous Char-Chilo district of Uruzgan province...
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Bombers Kill 150+ in Baghdad Stay Angry Large map of Iraq Large map of Afghanistan Large Map of Pakistan Large Map of the Philippines Large Map of Kasmir Al Qaeda Declines in Northern Iraq, Military Officer Says by Gerry J. Gilmore WASHINGTON, Sept. 14, 2005 – Eighty percent of al Qaeda's network in northern Iraq "has been devastated" since January due to the capture or killing of key leaders and the outrage of Iraqi citizens, a U.S. troop commander told Pentagon reporters today. Army Col. Robert B. Brown, commander of the 1st Brigade, 25th Infantry Division's Stryker Brigade Combat Team,...
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Terrorists Put a Bounty on the Head of Iraq PM al-Jaafari Stay Angry Large map of Iraq Large map of Afghanistan Large Map of Pakistan Large Map of the Philippines Large Map of KashmirIraq mounts new raid on guerrillas< snip >Iraq's Third Army Brigade said it had killed 40 insurgents in Tal Afar on Monday, bringing the guerrilla death toll since Saturday to around 200.An estimated 350-500 insurgents were in the town when Iraqi forces, backed by U.S. troops, began the offensive.The brigade said 21 "terrorist emirs," or senior insurgent leaders, had been captured."We also seized a cache of heavy...
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GOLD & GATA By Eric Hommelberg May 16, 2005 www.golddrivers.com GOLD & GATA is chapter VI of the Gold Drivers Report. It discusses GATA's claims that the Gold market is not free and not fair. Although this topic won't be discussed by most main-stream Gold analysts (because they don't want to be associated with groups like GATA) it's getting harder and harder for them to ignore the ever increasing amount of circumstantial evidence which they provide. This chapter shows the rapid increase of support for GATA's manipulation claims and discusses the Blanchard case. I realize I won't be able to...
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One can only speculate, of course, about the outcome of the Enron debacle if investors and regulators had been clued by whistle-blowers into the enormity of the corporation's accounting shenanigans in the years before its implosion. Though it's too late for Enron employees and stockholders, thousands of investors believe a similar implosion is looming in the silver market with potentially catastrophic consequences. Rather than sit back and reap the financial benefits to be gained by what these investors believe will be a much higher price for the precious metal, this indignant army of investors and whistle-blowers has set out to...
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GATA's work to expose the gold price suppression scheme THE GOLD ANTI-TRUST ACTION COMMITTEE INC. -- A SUMMARY, JANUARY 27, 2002 -- In 1998, as he began www.LeMetropoleCafe.com , his Internet site of financial commentary, Bill Murphy noticed that the gold market wasn't trading as normal markets do. Eventually he sensed collusion among market participants to suppress the gold price and wrote about it repeatedly. Following Murphy's commentary with great interest, a newspaper editor in Connecticut, Chris Powell, noted that collusion to control prices is against U.S. anti-trust law and suggested that gold partisans and gold market participants mobilize against...
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Chris Temple is Editor of The National Investor the foremost "America-First" financial/economic newsletter in the U.S. For a sample issue and subscription information, call (715) 635-4300, or e-mail NatInvstor@aol.com. Temple's web site is located at http://www.nationalinvestor.com "UNDERSTANDING THE GAME" by Chris Temple "All the perplexities, confusion and distress in America arise, not from defects in the Constitution or confederation, not from want of honor or virtue, so much as from downright ignorance of the nature of coin, credit and circulation." --President John Adams Many of you reading this are familiar, I would surmise, with the above quote. Like others,...
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<p>You didn’t hear about this on the national news, CNBC, or in your local newspaper. After all, most of these controlled/scripted sources of “news” are still trying to keep us all believing that all is well with the world, even as the stock market and economy show new cracks. For all its obvious faults, “the system”—i.e, the fractional reserve monetary system administered by the Federal Reserve—is still sound, according to these pundits. Thus, and in spite of the rally in gold and gold stocks in 2002, the press will usually go out of its way to dismiss gold as either a viable investment alternative or as having any relevance to today’s financial and monetary structure.</p>
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PRINCETON, NJ -- Reg Howe's audacious case against the "gold cabal" has been dismissed in Federal Court before it could proceed to the all important discovery stage which had everyone licking their chops about what might be revealed in individual depositions. The nub of Boston District Judge Reginald Lindsay's ruling was that Howe is an "inappropriate plaintiff". It is an ironic conclusion given that justice is supposedly blind to status and means; but never let hope get in the way of cynicism. An unintended consequence of the dismissal is that it will embolden Treasury and Fed officials to invoke sovereign...
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