Clive Maund replies: You hurt my feelings

Section:

4:13p ET Thursday, February 8, 2007

Dear Friend of GATA and Gold:

Gold market analyst Clive Maund has responded to Tuesday's GATA dispatch (www.gata.org/node/4789) criticizing his grudging acknowledgement of and hearty indifference to manipulation of the gold market.

Maund calls that criticism a "personal attack" and declines to answer any of it. But he does quote approvingly another analyst who writes that "markets being managed is nothing strange or evil."

Of course a market that is "managed" is not really a market at all, and when it is presented as being a market, it is a fraud.

But since Maund refuses to engage on the issues, taking refuge in his hurt feelings, there's no harm in letting him have the last word, which can be found at his Internet site here:

http://www.marketoracle.co.uk/Article328.html

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

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