John Hathaway: Other 'safe havens' will fail, leaving only gold

9p ET Wednesday, October 8, 2008

Dear Friend of GATA and Gold:

It's really too bad that John Hathaway doesn't write every day, or even every week. But then he's got the Tocqueville Gold Fund to run, and running it gives him the long-term perspective often lacking elsewhere. Tonight he asks, "Is Gold Still in a Bull Market?," and concludes that this week's ample move upward is not just a head fake. Other supposed safe havens for capital, Hathaway writes, are failing or are likely to fail soon, including U.S. government bonds, which just a few decades ago were mocked as "certificates of confiscation." That will leave gold standing alone, Hathaway predicts, with $1,000 per ounce acting as a floor rather than a ceiling. You can find Hathaway's analysis at Gold-Eagle here:

http://www.gold-eagle.com/editorials_08/hathaway100808.html

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

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