Thom Calandra: Margin calls loom for Treasuries

5:10p ET Wednesday, October 8, 2008

Dear Friend of GATA and Gold:

Thom Calandra, formerly of CBSMarketWatch and The Calandra Report, writes at Stockhouse that recapitalizing the Western central banks so they can rescue their nations' bankrupt private banks will mean the devaluation of their currencies. Gold, Calandra writes, is likely to benefit from this to what GATA's old friend, Bob Bishop, retired editor of Gold Mining Stock Report, says will be a "monstrous" degree. Calandra's commentary is headlined "Margin Calls Loom for Treasuries" and you can find it at Stockhouse here:

http://www.stockhouse.com/Columnists/2008/October/8/Margin-calls-loom-fo...

Or try this abbreviated link:

http://tinyurl.com/3wtv5y

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

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