1.01.2010

GATA sues Fed to disclose gold market intervention records

Read more here:

" The suit was filed in U.S. District Court for the District of Columbia and targets Fed records involving gold swaps, exchanges of gold with foreign financial institutions. In a letter dated September 17 this year to GATA's law firm, William J. Olson P.C. of Vienna, Virginia, (http://www.lawandfreedom.com) Fed Board of Governors member Kevin M. Warsh acknowledged that the Fed has gold swap agreements with foreign banks but insisted that such documents remain secret:

http://www.gata.org/files/GATAFedResponse-09-17-2009.pdf"
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Note: I understand there is a role to control "panic" but the "crisis" is independent of "panic". This mess is so big and the clowns running the circus drunk - have made such a mess - except for their own bank accounts - ...anyway - what does this mean for the true value of the commodity in question? It means that the price has been manipulated DOWN -

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