It’s high time to create a new industry trade organization.
For less than $50,000 GATA sued the Federal Reserve in a freedom-of-information case and won. While that was not a market-manipulation case per se, Mr. Powell notes it “…demonstrated market manipulation and the monetary metals mining industry did nothing to publicize it and didn’t even complain about what was proved. And while $50,000 was a huge amount to little GATA, many mining companies could squeeze that much out of their tailings pile in a few days if they were so inclined.”
A small number of mining industry executives have the wisdom and testicular fortitude to support GATA. The rest of the industry should be shamed for their indifference and, in some cases, fear of speaking out. Shareholders should demand support of GATA and the creation of a new trade organization truly dedicated to advancing the interests of the entire precious metals mining industry. [Read more...]