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Michael Kosares: Has Europe declared war on the weak dollar?
1:45p ET Monday, May 5, 2008
Dear Friend of GATA and Gold:
Michael Kosares, proprietor of Centennial Precious Metals in Denver and host of its invaluable Internet bulletin board, the USAGold.com Forum, speculates in commentary posted today that the European Central Bank has begun to intervene surreptitiously in the currency markets to halt the euro's rise, and that gold's recent fall can be largely attributed to this.
Kosares' commentary is headlined "Has Europe Declared War on the Weak Dollar?" and you can find it at USAGold here:
http://www.usagold.com/amk/usagoldmarketupdate050108.html
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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