Growing controversy over gold backwardation

3p ET Wednesday, December 20, 2008

Dear Friend of GATA and Gold:

If your eyes haven't rolled back in your head from the growing controversy about gold backwardation, Antal Fekete gets even more apocalyptic about it in a new essay at GoldSeek, "There Is No Fever Like Gold Fever," which you can find here:

http://news.goldseek.com/GoldSeek/1228935840.php

Meanwhile someone posting under the name of Izabella Kaminska writes about gold backwardation at the Financial Times' Alphaville site, interviewing gold fund manager Evy Hambro, who observes that while gold is in backwardation in dollars and yen, it remains in contango in euros, British pounds, and Australian dollars. The headline on Kaminska's commentary is "Not to Worry about Gold Backwardation" and you can find it here:

http://ftalphaville.ft.com/blog/2008/12/10/50275/not-to-worry-about-gold...

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

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