Gold sales meant for market manipulation, MineWeb chief acknowledges

Section:

8:45a ET Friday, July 18, 2008

Dear Friend of GATA and Gold:

MineWeb chief Lawrence Williams speculates that central banks may attempt major sales of gold to support the fading U.S. dollar -- an acknowledgement that central banks undertake to sell gold not to diversify their reserves or relieve themselves of the expense of storing a supposedly dead asset, long their cover stories, but to manipulate the currency and government bond markets. You can find his commentary under the headline "Possibility of Central Bank Gold Sales to Try to Help Stabilize the Dollar" at MineWeb here:

http://www.mineweb.com/mineweb/view/mineweb/en/page33?oid=56945&sn=Detai...

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

* * *

Join GATA here:

Hard Assets Investment Conference
Tuesday-Wednesday, September 9-10, 2008
Mandalay Bay Resort and Casino, Las Vegas, Nevada
http://www.iiconf.com/

* * *

Help Keep GATA Going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at http://www.gata.org/.

GATA is grateful for financial contributions, which are federally tax-deductible in the United States.