You are here
Reg Howe: Gibson's Paradox and rising rates
9p ET Wednesday, July 25, 2007
Dear Friend of GATA and Gold:
Reginald H. Howe, partner in Golden Sextant Advisers and litigator in GATA's gold price-fixing lawsuit, observes in his new essay, "Gibson's Paradox and Rising Rates," that the traditional inverse relationship between gold and interest rates works against gold only when REAL interest rates are rising. When real interest rates -- the nominal rate minus the inflation rate (the REAL inflation rate, not the official rate) -- are not rising, it's a different story for gold, Howe writes ... and that seems to be today's story.
Howe's new essay can be found at the top of the essay list here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
* * *
Join GATA at these conferences:
The Silver Summit
Thursday-Friday, September 20-21, 2007
Coeur d'Alene, Idaho
http://thesilversummit.com
New Orleans Investment Conference
Sunday-Thursday, October 21-25, 2007
New Orleans, Louisiana
http://www.neworleansconference.com
* * *
Help Keep GATA Going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at http://www.gata.org/.
GATA is grateful for financial contributions, which are federally tax-deductible in the United States.
