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GoldMoney's James Turk's mid-year gold market review

Section: Daily Dispatches

4:30p ET Tuesday, June 25, 2013

Dear Friend of GATA and Gold:

GoldMoney founder and GATA consultant James Turk today provides his mid-year gold market review, comparing the recent decline in gold prices to the decline in 2008.

Turk concludes: "The odds of a black-swan event like the one experienced in 2008 with the Lehman Brothers collapse remain high. The reasons are that the interrelated sovereign debt and bank solvency crises have not been solved, and there have been countless interventions that have distorted and all but destroyed the market process. So the outlook for gold and silver remains very bullish and will continue to be as long as central planners intervene in markets instead of taking the prudent course which is to return to sound money based on precious metals."

Turk's commentary is posted at GoldMoney's Internet site here:

http://www.goldmoney.com/gold-research/james-turk/mid-year-gold-market-r...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.



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