http://cnniw.yellowbrix.com/pages/cnniw/Story.nsp?story_id=20141035&ID=cnniw&scategory=Metals+%26+Minerals%3APrecious

Gold Anti-Trust Action Committee: Exchange Stabilization Fund/Bundesbank Gold Swap Operation Exposed Source: Business Wire Publication date: 2001-04-23

DALLAS--(BUSINESS WIRE)--April 23, 2001--The Gold Anti-Trust Action Committee will reveal proof of the suppression of the gold price by the U.S. and German governments and bullion banks at the GATA African Gold Summit on May 10, 2001, in Durban, South Africa.

Attending will be government officials from South Africa and other African gold-producing countries, representatives of South Africa's National Union of Mineworkers, major gold producers, and the world press.

For more than two years GATA has claimed that the gold market has been manipulated lower by a faction of the U.S. government and a cartel of bullion banks to the detriment of mostly poor gold-producing nations.

One of the speakers at the Durban conference, GATA consultant Reginald H. Howe, has brought suit in U.S. District Court in Boston, against participants in the scheme. The defendants are: the Bank for International Settlements; Alan Greenspan, chairman of the Board of Governors of the U.S. Federal Reserve System and a director of the BIS; William J. McDonough, president of the Federal Reserve Bank of New York and a director of the BIS; five major bullion banks, J.P. Morgan & Co., Chase Manhattan Corp., Citigroup Inc., Goldman Sachs Group Inc., and Deutsche Bank; and Lawrence H. Summers, former secretary of the treasury, who by law exercised control over the U.S. Exchange Stabilization Fund (ESF), subject only to approval by the president.

-- Anonymous, April 24, 2001

Answers

Response to ECON Gold antitrust committee news

GR8,

Good posting. I have been following the unfolding story of GATA and now the Reg Howe law suit. It has all the makings of super intrigue. For anyone with the time and interest to persue this case, reading the actual progress briefs is like reading a great "Who done it?" story. You can take a look and bookmark the various postings.

Link

-- Anonymous, April 24, 2001