-- Posted Sunday, 19 September 2010 | Digg This Article | | Source: GoldSeek.com
To: Al Korelin - From: Bill Murphy/GATA – Subject: Lack Of Free Press In Canada
September 18, 2010
You have had an open mind towards GATA since day one and I think what we have produced over the years regarding our focus on the gold price suppression scheme by a GOLD CARTEL has proved to be the case beyond a shadow of a doubt. But, even more importantly, GATA has been a raging gold bull for a decade and WE have been proved out to be correct over and over again. Yet, almost no one wants to go there or give us credit for being right. Just think back when GATA went public blasting Barrick and AngloGold for their ignominious hedging in 1999 and 2000 when the price of gold was below $300 an ounce. We called them fools and complicit in the gold price suppression scheme. And, guess what, they both are now covering their ill-conceived Gold Cartel hedges between $1,000 and $1300 an ounce.
Nice going guys!
During this stealth bull market, most of the pundits have waffled here and there, or missed the move entirely, which has been the case for the Planet Wall Street crowd and most of the mainstream gold world. Ironically, as the gold/silver markets are readying to go into an acceleration stage, most of these disingenuous, or clueless, pundits are still neutral to bearish.
I am writing to you at this time to relate a most disturbing development prior to the Cambridge House conference next weekend in Toronto, at which you are hosting a panel re GATA. On December 16, 2005 I was interviewed on BNN (ROB-TV) and have been interviewed by BNN several times since then, including during my GATA visit to Washington at the CFTC gold/silver market position limit hearings on March 25 of this year.
Most importantly, what I think Canadians would care most about is that GATA has been correct about the future of gold prices for a decade and been RIGHT, while most of the mainstream gold world and Wall Street have been neutral to bearish all the way up … and remain that way. One would think that BNN would have an interest to share with their viewers what GATA knows that so many are clueless to.
Gold is a big deal in Canada. But NO, look … from my latest www.LeMetropoleCafe.com commentary on Friday:
Here is a Good Griefer. Just received an email from our booker who got me scheduled to be on BNN (Business News Network) in Toronto next Friday for a 15 minutes appearance…
They cancelled this, said GATA is to controversial for them. I think it is ridiculous.
Fri Sept 24th 3:00-3:15pm EST Live TV BNN Trading Day w/ Marty Sej Toronto, Canada
Bill needs to be in BNN studio by 2:45pm EST
Topic: Gold/ Conference
BNN - Business News Network,br> 720 King St. W., 10th Floor
Toronto, ON M5V 2T3
Who got to BNN to cancel my GATA appearance? How controversial can it be to be right for a decade? This is a farce and a Canadian disgrace. Your financial market press is bought and paid for, just as is the American financial market press. I was on CNBC (Ron Insana was the host), with gold below $300 in February 1999 … and have been blackballed ever since in America once they heard what GATA had to say. We are taking on the richest and most powerful people in the world and "They can’t the truth." Journalist integrity has gone down the drain in both our countries, as the press kowtows to the rich and powerful.
Who got to BNN and compromised their journalistic integrity? Don’t know, but it would not have happened if their inspiring commentator Jim O’Connell was still around. Unfortunately, this class act of a man succumbed to cancer soon after marrying a beautiful girl years ago.
Here’s what I am talking about … from my MIDAS commentary in December of 2004:
It’s hard to know from this report whether CIBC is talking about high prices, or an average price. However, you get the drift. Very uninspiring, as always, with calls for a modest rise in the price of gold and for silver to remain flat and modestly retreat. My guess is if we went back over the last four years of CIBC yearly price predictions, they would average neutral to bearish over the entire bull move so far.
My friend up north can’t be a happy camper today either. John Embry’s handle on the gold market is second to none in the world. This email from a fellow Café member last night:
If you missed this, sorry I didn't send this sooner. The "grapefruit' comment is classic.
John Embry had a one hour interview on the Market Call segment with Jim O'Connell on ROB TV during lunch today. It was a dandy, talked about mining and precious metals companies in the U.S. and Canada. But the opening was the stunner, here is the opening question to the interview and a portion of John's reply.
Jim O'Connell: You thought gold would be $500.
John Embry: Yep
Jim: By the end of the year, it's not, what happen?
John: Well, I think the fundamentals probably would justify at least $500. But The guys on the other side are pretty effective and anybody that doesn't think there is manipulation in the gold price, probably hasn't got an IQ higher than a grapefruit, in my opinion. I mean, it is so blatant now. That it's..., it's laughable.
John Embyr interviews at ROB Tv on Market Call, in two segments at this archive.
Wednesday, December 22, 2004
12:30 PM ET
Market Call with Jim O'Connell
Canadian and U.S. Mining companies and precious metals
John Embry, Chief Investment Strategist, Sprott Asset Management
1:25 PM ET
Market Call with Jim O'Connell
John Embry's top picks
John Embry, Chief Investment Strategist, Sprott Asset Management
Best wishes for a very Merry Christmas and Golden New Year,
"But The guys on the other side are pretty effective and anybody that doesn't think there is manipulation in the gold price, probably hasn't got an IQ higher than a grapefruit, in my opinion. I mean, it is so blatant now. That it's..., it's laughable."
That was nearly six years ago. The evidence of gold market manipulation has grown ever since then, as has the price, which is pretty obvious. And GATA has been pounding the table of why the price of gold was going to soar all that time. YET, BNN cancels our GATA interview because we are too controversial? What a joke!
BNN would rather show Kitco’s Jon Nadler, who has got the gold deal wrong for as long as I can think of, rather than let their viewers watch what GATA has to say, who have been right for a decade.
Ironically, last night, I sent the following missive to Forbes, who, for some reason, contacted me. I jumped at the chance to respond and let this well known reporter know what he was up against and then followed up with…
Late, and this kid is going to hit the hay. But, before I do, here is a follow up on GATA on the distinguished people in that two minute GATA video that I suggested you review. This is who we are and what we do…
All the best, Bill M, from what I wrote in my www.LeMetropoleCafe.com commentary last year:
*GATA has been trying to explain the real gold story for a decade, but the gold establishment and financial press have been blocking our efforts all this time. For years (some still do) they called us "conspiracy nuts," but most of what we have been talking about is panning out, including the last nine years of price rises.
The GATA camp is not without stellar credentials, having hosted three international gold conferences…1. The GATA African Gold Summit in Durban, South Africa on May 10, 2001, attended by 5 sub-Saharan African nations, the South African Reserve Bank, leading South African gold producers, the South African unions, etc., - an event that was prime time on SABC television. It focused on how the gold price suppression scheme was hurting the poor in South Africa.
2. Gold Rush 21 in Dawson City (the Yukon in Canada) on August 8th and 9th 2005 to expose the manipulation of the gold market. One hundred delegates attended from 14 countries, including Andrey Bykov, an economic consultant to Russian President Vladimir Putin, who said it was the finest conference he ever attended.
While there are a lot of Johnny Come Latelies trying to explain what the gold market is doing these days, GATA has had the scoop all along, a scoop which has essentially been banned in the US public media domain. Gold Rush 21 is our finest example of what we have accomplished over the years; showing the backgrounds of the people behind it; and forecasting to the world why the gold price was going to explode over four years ago.
I point to our TWO MINUTE trailer (with the price of gold at $436) on this extraordinary event, which can be seen at
http://www.youtube.com/watch?v=ha-j7fH7sAo&feature=player_embedded# The speakers in order of appearance in the trailer:
Reg Howe – (pointing to a chart) Harvard Law3. The "GATA Goes To Washington" conference on April 18 and 19 in Arlington, Virginia. 180 attendees came from 17 countries for the gathering. The conference showcased GATA’s FOIA efforts to learn the truth about US gold reserves from the Fed and US Treasury.
Bob Landis - Harvard Law
Peter George – The "Mr. Gold" of South Africa
John Embry – Sprott Asset Management and Canada’s "Mr. Gold" in my book.
Me – School of Hotel Administration, Cornell University
James Turk – Chase Bank and www.GoldMoney.com
John Brimelow – Stanford Business School
Adam Fleming – former Chairman of Harmony Gold and now Wits Gold Chairman
Hugo Salinas Price – the "Mr. Silver" of Mexico
Chris Powell – Managing Editor of the Journal Inquirer in Manchester, ConnecticutNot shown in the trailer is Catherine Austin Fitts (GATA board member) - managing director and member of the board of directors of the Wall Street investment bank Dillon, Read & Co. Inc.; Assistant Secretary of Housing and Federal Housing Commissioner at the United States Department of Housing and Urban Development in the first Bush Administration; president of Solari, Inc., and managing member of Solari Investment Advisory Services, LLC. Catharine has a BA from the University of Pennsylvania, an MBA from the Wharton School and studied Mandarin at the Chinese University of Hong Kong.
***Who knows what this well known journalist will do with what I sent him, but what I would like to do is have you get into this subject intensely during the GATA interview at Joe Martin’s conference next weekend in Toronto. I will send this to Joe so his people can have the two minute trailer of Gold Rush 21 available for the attendees to see.
I am also hoping, after putting this up, that Joe, you and many Café members will want to contact BNN and ask them why my appearance next Friday was cancelled. Please contact others in the Canadian media to ask the same … like the Financial Post, Globe and Mail, etc.
Does anybody in Canada care about hearing the truth?
All the best
Gold Anti-Trust Action Committee
PS: From a very savvy www.LeMetropoleCafe member this afternoon…
Dear Marty Cej:
I am writing to express my deep concern with what appears to be the censoring of critical information from the BNN viewing audience.
I was very excited to hear that William J.Murphy was to appear on Trading Day Friday September 24th from 3:00 pm - 3:15 pm EDT. This is because Mr. Murphy has been one of the most accurate market forecasters of the past decade, as he predicted that gold would be the finest performing, most consistent asset class, back in 1999. Mr. Murphy is the Chairman of the Gold Anti Trust Action Committee, a non-profit citizen advocate organization, which has built a staggering foundation of information pertaining to the precious metals markets and their relationship to currencies and interest rates. Mr. Murphy also operates the Le Metropole Cafe.com website, which is considered by many analysts to be the best and most up to date source of data concerning the gold and silver markets. When Mr. Murphy has something to say about gold, I endeavour to hear it because his track record is second to none. That is why I notified my network of private investors; to make sure they watch BNN next Friday for the opportunity of watching Mr. Murphy live.
However, I was very disappointed to hear that BNN has chosen to cancel this appearance, even though Mr. Murphy will be in Toronto next weekend to speak at the Toronto Resource Investment Conference. What is more alarming is why would BNN choose to censor someone with such an exemplary track record, all the while welcoming guests who have proven to be very inaccurate with their gold predictions? People such as John Nadler (Kitco) and Jeffery Christian (PMG Group) - (as an example, September 2009, Silver Summit Investment Conference, Spokane, Washington: Mr. Christian predicted that gold would average $941 US per ounce for the coming decade). What is the message here?
Does BNN have an agenda of discouraging gold investment? This is of critical importance these days as fiat currencies are rapidly losing confidence around the world. Does BNN not care that their viewers may want to protect themselves from the possibility that rapid inflation may result in dramatic wealth destruction, while at the same time allocating some of their portfolio into an asset class that is performing very well? Or does BNN have an interest in quashing this sort of strategy?
I anxiously await your response and would be delighted to pass on your explanations to my private investor network. I, as well as many others, would appreciate seeing guests like Mr. Murphy for more than just a fifteen minute commentary. After all, isn't it about informing viewers and providing balanced reporting? It shall be interesting to see what direction this takes as Bell consumes CTV.
MIDAS: I hope every Café member will contact the Canadian press and ask what the deal is?
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-- Posted Sunday, 19 September 2010 | Digg This Article | Source: GoldSeek.com
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