With access to enough money, you can rig any market


1:45p ET Saturday, February 25, 2012

Dear Friend of GATA and Gold:

Three researchers from the New England Complex Systems Institute in Cambridge, Mass. (http://necsi.edu/) -- Vedant Misra, Marco Lagi, and Yaneer Bar-Yam -- last month published a research paper identifying what seems to have been an enormous short-side manipulation of Citigroup stock in November 2007. While that was five years ago, the study indicates how easy it is for large financial institutions to manipulate markets in the absence of rigorous oversight by market regulators, particularly after the repeal of the "uptick" rule for short sales.

That is, anyone with access to enough money can rig any market at all, a principle whose application to the commodity markets and central banks may have been first articulated by the British economist Peter Warburton in his 2001 essay, "The Debasement of World Currency -- It Is Inflation But Not As We Know it":


The New England Complex System Institute's study is titled "Evidence of Market Manipulation in the Financial Crisis" and it's posted in PDF format at the institute's Internet site here:


CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.


Golden Phoenix Discusses Royalty Mining Growth Strategy
on '21st Century Business' on Fox Business Network

Golden Phoenix Minerals Inc. has discussed its royalty mining growth strategy on the Fox Business Network program "21st Century Business" with host Jackie Bales. Golden Phoenix's director of corporate communications, Robert Ian, told how the company narrows its focus to project generation and future royalty streams. He explained why Golden Phoenix believes it's better to own joint-venture interests in several producing mines instead of full exposure to just one project.

"21st Century Business" has been airing for 15 years. Previous hosts have included Gen. Alexander Haig, Gen.l Norman Schwarzkopf, and Secretary of Defense Caspar Weinberger. Golden Phoenix appeared as paid programming on this broadcast.

To view the program with Golden Phoenix, please visit Golden Phoenix's Internet site here:


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Be Part of a Chance to Discover
Multi-Million-Ounce Gold and Silver Deposits in Canada

Northaven Resources Corp. (TSX-V:NTV) is advancing five gold and silver projects in highly prospective and politically stable British Columbia, Canada.

Check out the exploration program on our Allco gold/silver project :

-- A large (13,000 hectare) property, covering more than 15 square kilometers of a regional mineralized trend just 3km from a recently announced 1.2-million-ounce gold and 15-million-ounce silver deposit.

-- The property hosts historic high-grade silver workings and many mineral showings as well as former mines at the property's northern and southern boundaries.

-- A deep-penetrating airborne geophysics survey has just been completed on the entire property and neighboring deposits and its results are eagerly awaited.

To learn more about the Allco property or Northaven's other gold and silver projects, please visit:


Or call Northaven CEO Allen Leschert at 604-696-3600.