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James Turk: The search for a safe haven
8:20a ET Sunday, August 12, 2007
Dear Friend of GATA and Gold:
Suddenly investors are learning about counterparty risk, GoldMoney founder James Turk writes in his latest commentary for that gold-brokerage service.
Turk, editor of the Freemarket Gold & Money Report and consultant to GATA, speculates that the next phase of the panic over sub-prime mortgages may involve the discovery that they have infected ordinary money-market funds.
Turk writes that the gold and silver charts remain strong and that he expects the metals to turn upward as investors realize that the metals carry less counterparty risk.
You can find Turk's latest analysis, "The Search for a Safe Haven," in the "Founder's Commentary" box in the third column of the GoldMoney home page here:
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