Gene Arensberg: Gold, silver premiums highest in years

2p CT Sunday, November 16, 2008

Dear Friend of GATA and Gold:

The new "Got Gold Report" of Resource Investor's Gene Arensberg discloses that conditions in the gold and silver markets have gotten even more explosive in recent days. Arensberg reports:

-- Three or fewer U.S. banks hold 51 percent of the commercial short positions in gold on the New York Commodities Exchange.

-- One or two U.S. banks hold 81 percent of the commercial short positions in silver on the Comex.

-- Premiums for standard gold and silver coins and junk silver coins have reached extraordinary levels.

-- Some mining companies are beginning to mint coins themselves and offer them for sale to the public to capture the premiums and liberate themselves from the manipulated Comex prices.

There probably won't be a more important and documented report on the gold and silver markets this month than this "Got Gold Report." It is headlined "Gold, Silver Premiums Highest in Years" and you can find it at Resource Investor here:

http://www.resourceinvestor.com/pebble.asp?relid=47994

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

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