October 5, 1999 – Last April in Letter #243 (“Mobilizing Gold – Here’s Comes GATA“), I introduced readers to the Gold Anti-Trust Action committee. I hope that many readers used the information contained in that letter to research GATA, read about their claims, and if they were happy with what they found, to then make contributions so that GATA would be able to continue their effort to expose what may yet prove to be a financial scandal of immense proportions.
You will recall that GATA’s objective is to substantiate its allegations of price manipulation in the Gold market. These are allegations with which I wholeheartedly agree, a fact which should not be any surprise because as long-time readers know I have written about the manipulation of the Gold price many times in these letters. GATA has stated that once these allegations are substantiated, it intends to bring legal action under anti-trust laws against the perpetrators, which are believed to be the major bullion banks.
GATA is the creation of Bill Murphy, an ex-professional football player cum commodity trader. Recently, J. Taylor published in his newsletter, Gold Resource & Environmental Stocks, an extensive interview of Murphy, which I think is extremely useful to anyone who wants to better understand what has been happening in the Gold market. We therefore got permission from J. Taylor to reprint his interview in its entirety, which is included herewith. I expect that you will find this interview to be useful and informative.