John Embry tells miners of gold price manipulation, predicts $1,000 per ounce

Section:

11:55p ET Sunday, January 30, 2005

Dear Friend of GATA and Gold:

Here's a transcript of a radio report broadcast
this week by the Canadian Broadcasting Co. from
Whitehorse, Yukon Territory, about GATA's plans
for the Gold Rush 21 conference in Dawson City
in August.

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

* * *

CBC Announcer: International bankers, brokers, and
mining executives have decided to hold a convention
in the Klondike. Organizers say they'll use the
history of the Klondike gold rush to focus attention
on claims that the price of gold is being kept
artificially low. Brian Boyle has more in this report.

Boyle: They're coming from Switzerland, Mexico, and
South Africa.They believe international bankers are
fixing the price of gold and they want to spread the
word. Chris Powell is with the Gold Anti-Trust Action
Committee, a non-profit group that's spearheading the
convention in Dawson City.

Powell: We are looking to reach people who are
influential in the financial and mining community.
Those are the people we have to convert first.

Boyle: Two Canadian mining companies are pitching
in to help organize the event: Klondike Star
Mineral Corp. and Samex Mining are helping to foot
the bills for the conference. Powell is counting on
the spell of the Klondike to help attract large
commercial investors.

Powell: We thought that the unusual location and
the wonderful geography of the Yukon in high
summer would help us attract the fund managers and
the mining company executives we want to talk to.

Boyle: The two-day conference is slated to get
under way in Dawson on August 8.

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

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