James Turk: Gold and silver break through resistance

10:20a ET Monday, February 16, 2009

Dear Friend of GATA and Gold (and Silver):

GoldMoney founder James Turk has reviewed his charts and reports in new commentary posted at the GoldMoney site that gold and silver prices last week broke upward through resistance. Turk, editor of the Freemarket Gold & Money Report and consultant to GATA, also wonders how the gold exchange-traded fund could claim to add 150 tonnes of gold in just a few weeks with so little impact on the metal's price. He cautions again: "Do not view futures or the ETFs as an alternative to owning physical gold and silver." Turk's new commentary is headlined "Gold and Silver Break through Resistance" and you can find it at the GoldMoney site here:

http://goldmoney.com/en/commentary/2009-02-15.html

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

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