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Entrail reading after a volatile week in the monetary metals
9:40p ET Friday, November 16, 2012
Dear Friend of GATA and Gold:
If you've got an urge for entrail reading after a volatile week in the monetary metals, Citigroup market analyst Tom Fitzpatrick tonight provides King World News with 11 charts that tell him that gold is going back up soon:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/11/16_K...
321Gold's Bob Moriarty says the same about silver, concluding that the record low premium on the Sprott Physical Silver Trust is the mark of a major bottom:
http://www.321gold.com/editorials/moriarty/moriarty111612.html
Jim Sinclair concurs about gold's direction but he warns that technical analysis has become a tool of market manipulation. That is, the market riggers know how to "paint the tape" to construct wonderful charts to misrepresent market conditions. Sinclair's commentary is at JSMineSet here:
http://www.jsmineset.com/2012/11/16/in-the-news-today-1371/
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Fred Goldstein and Tim Murphy open All Pro Gold
Longtime GATA supporters Fred Goldstein and Tim Murphy have brought their many years of experience in the precious metals and numismatic coins to All Pro Gold as metals brokers who specialize in the delivery of gold and silver bullion bars and coins as well as numismatic gold and silver coins. Fred and Tim follow these markets closely and are assisted by a team of consultants in monitoring market trends. All Pro Gold offers GATA supporters competitive pricing on all bullion products and welcomes inquiries. Tim can be reached at 602-299-2585 and Tim@allprogold.com, Fred at 602-799-8378 and Fred@allprogold.com. Ask about their ratio strategy and the relationship of generic $20 dollar gold pieces to 1-ounce gold bullion coins. Visit their Internet site at http://www.allprogold.com/.
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Sunday-Monday, January 20 and 21, 2013
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http://www.cambridgehouse.com/event/vancouver-resource-investment-confer...
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Opinion Around the World Is Changing
in Favor of Gold -- Find Out Why
When Deutschebank calls gold "good money" and paper "bad money". ...
http://www.gata.org/node/11765
When the president of the German central bank, the Bundesbank, pays tribute to gold as "a timeless classic". ...
http://www.forbes.com/sites/ralphbenko/2012/09/24/signs-of-the-gold-stan...
When a leading member of the policy committee of the People's Bank of China calls the gold standard "an excellent monetary system". ...
http://www.forbes.com/sites/ralphbenko/2012/10/01/signs-of-the-gold-stan...
When a CNN reporter writes in The China Post that the "gold commission" plank in the 2012 Republican platform will "reverberate around the world". ...
http://www.thegoldstandardnow.org/key-blogs/1563-china-post-the-gop-gold...
When the Subcommittee on Domestic Monetary Policy of the U.S. House of Representatives twice called on economist, historian, and gold standard advocate Lewis E. Lehrman to testify. ...
World opinion is changing in favor of gold.
How can you learn why and what it will mean to you?
Read the newly updated and expanded edition of Lehrman's book, "The True Gold Standard."
Financial journalist James Grant says of "The True Gold Standard": "If you have ever wondered how the world can get from here to there -- from the chaos of depreciating paper to a convertible currency worthy of our children and our grandchildren -- wonder no more. The answer, brilliantly expounded, is between these covers. America has long needed a modern Alexander Hamilton. In Lewis E. Lehrman she has finally found him."
To buy a copy of "The True Gold Standard," please visit:
http://www.thegoldstandardnow.com/publications/the-true-gold-standard
