12:01p ET Sunday, December 21, 2008

Dear Friend of GATA and Gold:

Economist and monetary historian Antal Fekete has replied again to critics of his analysis of backwardation in the gold market, this time with his essay "Forward Thinking on Backwardation," which can be found at 24hGold here:

http://www.24hgold.com/news-gold-silver-Forward-Thinking-On-Backwardatio... [1]

And at Gold-Eagle here:

http://www.gold-eagle.com/gold_digest_08/fekete122008.html [2]

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

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