Remonetisation of gold: Start hoarding

by Paul Mylchreest
Investment Analyst
+44 20 7621 5257
pmylchreest@cheuvreux.com

Is Gold Being Manipulated?

By Joel Bainerman Haaretz, Tel Aviv, Israel
Tuesday, December 27, 2005

http://www.haaretz.com/hasen/pages/ArticleContent.jhtml?itemNo=662986

Considering the erratic behavior of gold this last month, with the price reaching $540 before falling to $490, it may be a good time to ask whether the price of gold is being manipulated.

One of the most vocal proponents of such a theory is Bill Murphy of the Gold Anti-Trust Action Committee.

Bill Murphy believes the forces of darkness are finally on the run.

The U.S. gold bug is claiming victory over the central bankers, the political heavies, and the conspiracy of silence that has kept his message of gold market manipulation out of the U.S. media.

Tuesday, August 9, 2005

The Gold Anti-Trust Action Committee's Gold Rush 21 conference concluded today in Dawson City, Yukon Territory, Canada, by adopting the Dawson Declaration, appended here:

THE DAWSON DECLARATION

Resolved by the Gold Anti-Trust Action Committee's Gold Rush 21 conference at Dawson City, Yukon Territory, Canada, on Tuesday, August 9, 2005:

Having come to the heart of gold country to inquire into the condition of the monetary metals and the industry that produces them, we conclude and declare:

By Ed Wener

Hedge fund rumors knock markets;
Widespread jitters focus on GM, convertible bonds

By Alistair Barr and Kathie O'Donnell
CBSMarketWatch.com
Tuesday, May 10, 2005

http://www.marketwatch.com/news/yhoo/story.asp?
source=blq/yhoo&siteid=yhoo&dist=yhoo&guid=%7BF6DCAC87%2DFC3E%2D4907%
2DBFFC%2D0C73ACA0CC98%7D

"Cautious, careful people, always casting about to preserve their reputation and social standing, never can bring about a reform. Those who are really in earnest must be willing to be anything or nothing in the world's estimation, and publicly and privately, in season and out, avow their sympathy with despised and persecuted ideas and their advocates, and bear the consequences."
Susan B Anthony

• Gold and Gold Equities: The near term is uncertain. The near-term path of the dollar is unclear. The world is probably decelerating towards disinflation. This could be a negative.
• The ability of the gold futures market to absorb large spec liquidation on a small price break is long term bullish. Perhaps, the official sector is conducting an orderly retreat.
• As opposed to our very positive supply/demand framework, the “official” gold supply/demand framework is not especially constructive. It now diverges so much from historical trends and abundant anecdotal information, that it has become discredited.

On Gold Bugs and Net Shorts

By Dennis Gartman
The Gartman Letter
Tuesday, September 14, 2004
www.TheGartmanLetter.com

The gold bugs are a strange lot, really. They see conspiracies everywhere and at all times. If the government is not conspiring against the public, then business is conspiring against the government, or business AND the government are conspiring against the public, and, if not that, then all three are conspiring against ghostly, foreign forces that are set to wage some sort of economic war against the country.

Buried Treasure

By Josephine Mason
Metal Bulletin
www.MetalBulletin.com
September 12, 2004

Bill Murphy is fired up. He's been fired up for a good five years now -- ever since he claims to have unearthed evidence that the price of gold was being suppressed by a gold "cartel," operated by global financial institutions, including the U.S. Federal Reserve and the International Monetary Fund.