More admissions that the central banks rig the gold market

1:22a ET Tuesday, March 2, 2004

Dear Friend of GATA and Gold:

GoldMoney founder James Turk, editor of The Freemarket
Gold amp; Money Report and consultant to GATA, reports
in his latest market analysis that gold is trailing, not
leading, the surge in commodity prices because the gold
price is under management by central banks.

After presenting a very telling chart, Turk writes:

quot;Based on historical relationships between gold and the
CRB, it is clear from the above chart that gold should be
closer to $500 ($16.10/gg) than $400 ($12.85/gg). But
this observation is not reason for despair. To the
contrary; it makes buying gold here at $400 per ounce an
easy decision because we can clearly see from the above
chart how undervalued gold is, which is the point of this
analysis.quot;

You can find Turk's analysis in the quot;Founder's
Commentaryquot; box at the top left of the GoldMoney
home page here:

a href=http://goldmoney.comhttp://goldmoney.com/a

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

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