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What they did to gold today, and why

Section: Daily Dispatches

4:46p ET Friday, June 28, 2002

Dear Friend of GATA and Gold:

A tireless GATA supporter, Ed Steer of Edmonton,
Alberta, Canada, this afternoon wrote a letter to a
reporter at the Toronto Globe amp; Mail to encourage
the newspaper to pursue the gold price suppression
story. Steer sent along with the letter a copy of a
chart of today's astounding New York gold price
action. The letter pretty much says it all, so it is
appended below. GATA encourages all its supporters
to send similar letters to news organizations as the
price manipulation grows more obvious.

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

* * *

There it is. I rest my case. Right from the New
York open, they were on it. Now that they've
killed gold and silver for the day, they'll most
likely ramp the Dow, buy Samp;P futures, and sell
gold and silver company stock right into the
close to make sure that the shares go out on
the lows of the day, the week, and the month.

It's the end of the quarter as well. They don't
want the precious metal stocks looking good
for the financial papers tomorrow or for the
month, and this is how they do it.

They want to make sure that anyone who tries
to save himself can't.

That $450 billion additional debt ceiling that
Congress just passed tells everyone that the
United States will never repay its debt. That
and a falling dollar are clear indications that
the international financial community is fleeing
U.S. paper assets like rats leaving a sinking ship.

But the banking system and the governments of
the world don't want anyone near that quot;ancient
metal of kings,quot; and so they punish anyone who
tries -- including honest investors who are just
trying to protect themselves.

It would be wonderful if the press would shine a
lot more light on this international treachery.

As I said, Watergate, Enron, and Arthur Anderson
are small potatoes compared to the conspiracy
to keep the investing public in paper.

Ed Steer