For 7 years buying gold in summer has been profitable fast

8:15p ET Monday, May 19, 2008

Dear Friend of GATA and Gold:

As the boilerplate will tell you even on your box of Cheerios, past performance is no guarantee of future results. But Jonathan Kosares and Randal Strauss of Centennial Precious Metals in Denver today demonstrate with eight charts that buying gold (the real thing, not promises of gold) during the summer doldrums has been a winning trade for each of the last seven years, averaging a gain of nearly 13 percent in just six months or so. If you want to sell on January 1 and take your capital gains in the belief that the world will soon return to financial responsibility, that's your business. But if you believe otherwise and want to hold on, at least you've bought the dip.

You can find the Kosares-Strauss analysis, headlined "Seasonal Price Trends Look Favorably on Summer Purchases," at Centennial's Internet site, USAGold.com, here:

http://www.usagold.com/analysis/doldrums-2008.html

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

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