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If Jim Rogers doesn't know about it, it can't be happening

Section: Daily Dispatches

8:13p ET Friday, March 13, 2009

Dear Friend of GATA and Gold (and Silver):

Warren Bevan, editor of Precious Metals Stock Review, was unfortunately not well prepared when, the other day, he interviewed renowned investment fund manager Jim Rogers and raised the question of manipulation of the precious metals markets.

Rogers dismissed the possibility, remarking, in part: "It would just take a massive, massive conspiracy that would have come out by now. Nothing that would have been that big could remain secret that long."

Bevan was unable to produce specifics for Rogers and ask him to respond to them, unable to note that of course the gold price suppression scheme has come out -- many times, sometimes even as official acknowledgements. But Rogers believes that it can't have happened because, all-knowing and all-seeing, he would have heard about it already.

If you happen to know anyone as all-knowing and all-seeing as Rogers who believes that nothing can be happening that he hasn't heard about and who also dismisses the possibility of manipulation of the precious metals markets, you can always point him to the documentation at GATA's site as follows.

1) Your secretary/treasurer's address at GATA's conference in Washington last year, "There Are No Markets Anymore, Just Interventions," which documents seven acknowledgements of the manipulation of the gold market and cites three investment house reports confirming it.

2) "A New Summary of GATA's Work," which outlines the origins of the gold price suppression scheme, starting with the academic paper written in 1988 by former Treasury Secretary Lawrence Summers, a fairly official source:

3) James Turk's analysis of the memorandum recently discovered in the archive of former Federal Reserve Chairman William McChesney Martin and still posted on the Internet site of the Federal Reserve Bank of St. Louis, "The Fed's Blueprint for Market Intervention," which outlined the gold price suppression scheme in detail and could not be any more official either:

Bevan's interview with the all-knowing one is headlined "Jim Rogers on Gold, Silver, and Manipulation, Part II," and you can find it at GoldSeek here:

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

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