logo
Published on Gold Anti-Trust Action Committee (http://www.gata.org)

Corrected listing for Miles Franklin Ltd.

By cpowell
Created 2003-01-30 08:00

9:49p ET Thursday, January 30, 2003

Dear Friend of GATA and Gold:

The most successful mutual fund manager in the world,
John Embry, vice president of equities for RBC Global
Investment Management and manager of Royal Bank
of Canada's precious metals fund, sounded exactly
like GATA Chairman Bill Murphy in a long interview on
national television in Canada this week.

Embry was interviewed on ROB-TV's "Market Call"
program, and made these comments:

-- Gold Fields Mineral Service is an agent of the
bullion banks, and he doesn't believe half of what
they say.

-- The central banks' gold short position is certainly
at least 10,000 tonnes, and GATA's assertion of 15,000
tonnes is defensible. The recent disclosure of the loss
of gold by Portugal's central bank was very significant.

-- GATA has done "outstanding research" in exposing
the gold short position of the central banks, and the
people of GATA are "not lunatics" but "smart, diligent
guys." (We happily would have settled for "not ALL
lunatics.")

-- By virtue of its derivative position in gold, J.P.
Morgan Chase has been at the center of a manipulation
of the gold price, though Embry added that he wasn't
sure of Barrick Gold's role in that manipulation.
Barrick, Embry said, might have been doing no more
than aggressively hedging its product.

-- The gold price also has been manipulated by the
U.S. government. This manipulation doesn't bother
Embry so much in principle, since he considers gold
more of a currency than a commodity and currencies
are commonly manipulated by governments. But in
suppressing the gold price for so long, the U.S.
government allowed speculators to pile on and
"created a monster," driving the gold price down
below the cost of production and giving the gold
price an explosive potential few people realize.

-- Gold should easily rise above $400 per ounce,
given the "toxic derivatives" around it.

-- Embry also expects an explosion in the price of
silver.

-- The junior gold producers are most promising for
price appreciation, the hedged major producers least
promising.

Working from these premises, Embry's fund gained 153
percent in value in 2002 -- the best performance of
any fund last year.

If you find it hard to believe this wholehearted
endorsement of GATA from the best fund manager in the
world, you can watch and listen to it yourself. Just
go to the ROB-TV Internet site here:

http://www.robtv.com/servlet/HTMLTemplate/ [1]!
robVideo/robtv0726.20030129.00005000-00005011-clip1/h/220asf///

Or use this abbreviated link:

http://ls.shapebyforce.com/sbf/105 [2]

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

* * *

----------------------------------------------------

To subscribe to GATA's dispatches, send an e-mail to:

gata-subscribe@yahoogroups.com [3]

To unsubscribe, send an e-mail to:

gata-unsubscribe@yahoogroups.com [4]

----------------------------------------------------

RECOMMENDED INTERNET SITES
FOR DAILY MONITORING OF GOLD
AND PRECIOUS METALS
NEWS AND ANALYSIS

Free sites:

http://www.theminingweb.com/ [5]

http://www.gold-eagle.com/ [6]

http://www.kitco.com/ [7]

http://www.usagold.com/ [8]

http://www.GoldSeek.com/ [9]

http://www.goldenbar.com/ [10]

http://www.silver-investor.com [11]

http://www.thebulliondesk.com/ [12]

http://www.sharelynx.net [13]

http://www.mininglife.com/ [14]

http://www.financialsense.com [15]

http://www.goldensextant.com [16]

http://www.goldismoney.info/index.html [17]

http://www.depression2.tv [18]

www.minersmanual.com/minernews.html [19]

Subscription site:

http://www.lemetropolecafe.com/ [20]

Eagle Ranch discussion site:

http://os2eagle.net/checksum.htm [21]

----------------------------------------------------

COIN AND PRECIOUS METALS DEALERS
WHO HAVE SUPPORTED GATA
AND BEEN RECOMMENDED
BY OUR MEMBERS

Centennial Precious Metals
3033 East 1st Ave.
Suite 403
Denver, Colorado 80206
www.USAGold.com [22]
Michael Kosares, Proprietor
US (800) 869-5115
Canada 1-800-294-9462
European Union 00-800-2760-2760
Australia 0011-800-2760-2760
cpm@usagold.com [23]

Colorado Gold
222 South 5th St.
Montrose, Colorado 81401
www.ColoradoGold.com [24]
Don Stott, Proprietor
1-888-786-8822
Gold@gwe.net [25]

Investment Rarities Inc.
7850 Metro Parkwa
Minneapolis, Minnesota 55425
http://www.gloomdoom.com [26]
Greg Westgaard, Sales Manager
1-800-328-1860, Ext. 8889
gwestgaard@investmentrarities.com [27]

Lee Certified Coins
P.O. Box 1045
454 Daniel Webster Highway
Merrimack, New Hampshire 03054
www.certifiedcoins.com [28]
Ed Lee, Proprietor
1-800-835-6000
leecoins@aol.com [29]

Miles Frankl Ltd.
3601 Park Center Building
Suite 120
St. Louis Park, Minn. 55416
1-800-822-8080 / 952-929-1129
fax: 952-925-0143
http://www.milesfranklin.com [30]
Contacts: David Schectman,
Andy Schectman, and Bob Sichel

Resource Consultants Inc.
6139 South Rural Road
Suite 103
Tempe, Arizona 85283-2929
Pat Gorman, Proprietor
1-800-494-4149, 480-820-5877
Metalguys@aol.com [31]

Swiss America Trading Corp.
15018 North Tatum Blvd.
Phoenix, Arizona 85032
http://www.buycoin.com [32]
Dr. Fred I. Goldstein, Senior Broker
1-800-BUY-COIN
figoldstein@buycoin.com [33]

----------------------------------------------------

HOW TO HELP GATA

If you benefit from GATA's dispatches, please
consider making a financial contribution to
GATA. We welcome contributions as follows.

By check:

Gold Anti-Trust Action Committee Inc.
c/o Chris Powell, Secretary/Treasurer
7 Villa Louisa Road
Manchester, CT 06043-7541
USA

By credit card (MasterCard, Visa, and
Discover) over the Internet:

http://www.gata.org/creditcard.html [34]

By GoldMoney:

http://www.GoldMoney.com [35]
Gold Anti-Trust Action Committee Inc.
Holding number 50-08-58-L

By Crowne-Gold:

http://www.Crowne-Gold.com [36]
Holding: GATAComm@aol.com [37]

By E-Gold:

http://www.e-gold.com [38]
Gold Anti-Trust Action Committee Inc.
Account number 110915

Donors of $750 or more will, upon request,
be sent a print of Alain Despert's colorful
painting symbolizing our cause, titled "GATA."

GATA is a civil rights and educational
organization under the U.S. Internal Revenue
Code and contributions to it are tax-deductible
in the United States.


Source URL:
http://www.gata.org/node/1729