You are here
Mike Kosares: Summer surprise update
1:28p ET Thursday, July 10, 2014
Dear Friend of GATA and Gold:
Mike Kosares of Centennial Precious Metals in Denver today updates his speculation about a possible "summer surprise" in gold. He also presents a chart showing that the gold price has usually correlated closely with the monetary base calculation of the Federal Reserve Bank of St. Louis and that the correlation abruptly broke down last April with the smashing of the gold price, what GATA and others have identified as desperate intervention by Western central banks. In any case, as Kosares notes, the divergence in that chart "suggests that at current prices gold might be on the bargain table."
Kosares' commentary is headlined "Summer Suprise Update" and it's posted at Centennial's Internet site, USAGold.com, here:
http://www.usagold.com/cpmforum/2014/07/10/gold-climbs-as-fed-says-inves...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
New from GoldCore:
A Price Match Guarantee On All Popular Coins and Bars
To take advantage of this price match guarantee and GoldCore's already low premiums, please email info@goldcore.com or telephone our trading desk:
International: +353 (0)1 632 5010. UK: +44 (0)203 086 9200. US: +1 (302)635 1160.
Join GATA here:
Casey Research 2014 Summit
Hill Country Resort and Spa
San Antonio, Texas
Friday-Sunday, September 19-21, 2014
http://www.caseyresearch.com/summit/2014-fall
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
New Orleans, Louisiana
Wednesday-Saturday, October 22-25, 2014
https://jeffersoncompanies.com/landing/noic2014?IDPromotion=614011014520...
* * *
Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:
http://www.goldrush21.com/order.html
Or by purchasing a colorful GATA T-shirt:
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
http://gata.org/node/wallstreetjournal
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
Jim Sinclair plans gold investing seminar
in Seattle on Saturday, July 12
Gold advocate and mining entrepreneur Jim Sinclair will hold his next gold investing seminar from 1 to 5 p.m. on Saturday, July 12, at the Hilton Seattle hotel, 1301 6th Ave., Seattle, Washington. Admission will be $100. For more information, please visit:
http://www.jsmineset.com/qa-session-tickets/
