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Here is something to check out:
>From: lepatron@xxxxxxxxxxxxxxxxxxx
>To: trdoptions@xxxxxxxxxxx
>Subject: GATA in the Financial Times - London Regulatory Authority calls
>GATA
>Date: Sat, 10 Jul 1999 12:51:24 -0400
>
>Le Metropole members,
>
>The Golden Notebook
>The Financial Times
>By Holly Yeager
>Friday - July 9, 1999
>
>For those that are absolutely convinced that gold is
>at the conspiratorial core of schemes to benefit big
>banks, hedge funds and central bankers ( and harm
>everybody else ), this week's auction of UK reserves has
>provided the incontrovertible proof that Machiavellian
>machinations are at work.
>
>Some see the sale as a bid to keep the price of the
>precious metal under $300 an ounce. Others think it was
>meant to help shore up the sagging euro.
>
>Bill Murphy, leader of the Gold Anti-Trust Action
>Committee reacted to the record low gold price with
>a knowing tone. "The ploy by the collusion crowd to
>create very negative sentiment worked," the Dallas
>resident wrote on his financial web site. "Not much
>else can be said here that is worth a tinker's darn.
>The technicals mean very little in a market that is
>manipulated."
>
>Murphy created the gold group early this year to
>fight against that kind of collusion. His language is
>littered with the kinds of words sure to win followers:
>operatives, cahoots, powers that be, and Watergate.
>
>"It is only a matter of time before a "John Dean"
>comes walking in the door or someone sends us a
>"stained dress, " he said. That's not the end of the
>Monica link.
>
>Murphy boasts that his group ( with the help , he says
>of 300 like minded people ) has retained the Philadelphia
>law firm of Berger & Montague. One of the lawyers on the
>case: Jerome Marcus, who played a central role in what
>Hillary Clinton called a "vast rightwing conspiracy,"
>out to destroy her husband. It was Marcus who called
>a law school friend working for independent counsel Ken
>Starr in early 1998 and tipped him off about the existence
>of Monica Lewinsky and her tape-recording confidante,
>Linda Tripp.
>
>While the Monica matter has finally calmed down,
>Washington is under heavy lobbying by global gold buffs
>who hope to scuttle the International Monetary Fund's
>planned sale of 10m ounces of bullion to aid in debt
>relief for poor countries.
>
>Murphy, who has invested in gold and mining companies
>says he's been working on exposing the gold plot, without
>pay, for six months "and finally the world is waking up".
>His real hope is that the gold price perks up. End.
>
>Two significant developments yesterday:
>
>1 - "The U.S. Congressional Black Caucus on Friday,
>July 9 strongly denounced the proposed IMF gold sale.
>In a letter to President Bill Clinton, they wrote:
>"When this proposal comes before Congress for
>consideration, we will oppose it vigorously. We will
>not support central bank gold sales; we will oppose
>them in whatever form they are presented to the
>Congress. We intend to examine more realistic, more
>productive, and less harmful alternatives."
>
>As we have been telling the Café for a long time now,
>the IMF gold sale will not get through Congress.
>The Black Caucus has now joined the leaders of "both"
>political parties in opposition to the proposal.
>Who is for it?
>
>2 - I received a phone call yesterday from the regulatory
>authority in London that is the equivalent to the SEC in
>the United States. They want to know more about GATA's
>allegations and have asked us to send them all the
>pertinent information that we can. The focus is on
>three areas:
>
>? The size of outstanding bullion dealer gold loans.
>Have they become so large that they may now pose a
>threat to various English financial institutions in
>the event of a sudden sharp rise in the price of gold?
>
>? Information regarding a "supposed" 1,000 tonne gold
>short position that was uncovered on the books of
>Goldman Sachs.
>
>? Information regarding the "rumour" about Goldman Sachs
>buying one billion dollars worth of puts just prior
>to the Bank of England sale.
>
>If anyone has information that might be pertinent
>to these matters, we would like to have it to send to
>the regulators in London. Perhaps, you might know of
>someone who can add to what we already have put
>together. We finally have the attention of the
>regulatory powers that count in England. Now is the
>time to mobilize and put some "spotlight" heat on the
>"gold borrowing" shorts.
>
>Merrill Davidoff, one of our attorneys at
>Berger & Montague, will be happy to speak to anyone
>who wishes to speak to him on a "confidential" basis.
>He can be reached at 215 875 3084 but as he is a
>very busy man, please do not call him unless it
>relates to issues that would be of interest
>to the authorities in London.
>
>And finally, for anyone who lives in the Phoenix,
>Arizona area, I will be on Pat Gorman's
>radio talk show tomorrow ( the 11th ) in behalf of GATA.
>
>All the best,
>
>Bill Murphy
>Le Patron
>www.lemetropolecafe.com
>
>Chairman, GATA
>www.gata.org
>
>
>
>
>
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