You are here

Rick Ackerman joins the gold conspiracy nuts

Section: Daily Dispatches

12:34p ET Thursday, September 10, 2009

Dear Friend of GATA and Gold:

With his commentary today, financial letter writer Rick Ackerman (www.rickackerman.com) officially joins the gold price suppression conspiracy nuts. Ackerman makes this telling observation:

"Bernanke & Friends are probably throwing everything they've got at gold right now to suppress its price. And for all we know, Uncle Sam has loaned every ingot (supposedly) in Fort Knox to carry-traders at J.P. Morgan and Goldman Sachs. The ability of these well-connected bullion bankers to borrow more or less unlimited quantities of physical gold is for them even better than a license to print money, since money itself is most surely not what it used to be. The feather merchants have repaid the government's kindness by sitting on gold futures prices. This price-fixing operation is all the more impressive because its perpetrators have managed so far to peg bullion to $1,000 even though the U.S. dollar has broken some key technical supports in recent days."

Ackerman's commentary is headlined "Gold Waiting to Pounce on Summit's Failures" and you can find it at GoldSeek here:

http://news.goldseek.com/RickAckerman/1252562460.php

His GATA tinfoil hat is on the way to him by express mail.

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

* * *

Join GATA here:

The Silver Summit 2009
Thursday-Friday, September 24-25, 2009
Davenport Hotel, Spokane, Washington
http://thesilversummit.com

Toronto Resource Investment Conference
Saturday-Sunday, September 26-27, 2009
Intercontinental Hotel, Toronto, Ontario, Canada
http://www.cambridgeconferences.com/ch_tor2009.html

New Orleans Investment Conference
Thursday-Sunday, October 8-11, 2009
Hilton New Orleans Riverside Hotel, New Orleans, Louisiana
http://guest.cvent.com/EVENTS/Info/Custom.aspx?cid=21&e=a65db79c-b415-4b...

* * *

Support GATA by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

* * *

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

To contribute to GATA, please visit:

http://www.gata.org/node/16