No Free Market In Gold, Just Constant Government Intervention

by Chris Powell of the Gold Anti-Trust Action Committee (GATA)

Dear Friend of GATA and Gold:

Hugo Salinas Price of the Mexican Civic Association for Silver shows today how “not for profit” selling of gold in the futures market happens constantly and is meant to suppress the monetary metal’s price and thereby defend government currencies.

Salinas Price writes: “Tell-tale signs of official intervention in the gold market are the swift collapses in the price of gold that take place frequently.

“Unofficial, bonafide sellers of gold wish to maximize their dollar profits when they sell their gold. They do not ‘unload’ their gold on the market all at once.

“The official sellers of gold do not care about maximizing their dollar profit. They are interested in only one thing: to bring down the price of gold as fast as possible, to scare away potential investors and flush out weak hands. Thus the tell-tale signs of intervention appear in the daily graphs of the price of gold as nearly vertical falls in the price.”

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Salinas Price’s analysis is headlined “No Free Market in Gold: Constant State Intervention” and it’s posted as the association’s internet site, Plata.com.mx, here:

plata.com.mx/enUS/More/403?idioma=2

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

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Toast to a free gold market
with great GATA-label wine

Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA’s recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.

Here’s what the bottles look like:

www.gata.org/files/GATA-4-wine-bottles.jpg

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www.gata.org/files/FayJWineryVarietals.jpg

GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?

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To order a case of GATA-label wine, please e-mail Fay J Winery at bagman1236@aol.com.

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Support GATA by purchasing
Stuart Englert’s “Rigged”

“Rigged” is a concise explanation of government’s currency market rigging policy and extensively credits GATA’s work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon —

www.amazon.com/Rigged-Exposing-Largest-Financial-History/dp/1651…

— or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.

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