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Marc Faber turns deflationist: Brace for a bust as bubbles look set to burst
9:52p ET Monday, March 29, 2004
Dear Friend of GATA and Gold:
Richard Russell's new commentary sees a big flow
of funds out of general equities around the world. He
writes in commentary just posted at Gold-Eagle:
"The stock market is in the process of building a top
to this counter-trend rally. The top has got to 'look
good.' Why? Because the better the top looks, the
longer the big money has to move out of stocks and
the longer the retail public has to absorb what the
big money sells. It's ironic, it's sad, it's mean --
it's the way of the world on Wall Street.
"My suggestion: Move into cash and hold gold. What
kind of cash? Dollars, euros, yen. Maybe just dollars
if you are an American. Gold? Two-thirds in the metal
and one third in the stocks. Which gold stocks?
Newmont, GSS, PDG, WHT.
"That in a few sentences is my best advice. Please do
it."
You can find Russell's commentary here:
http://www.gold-eagle.com/gold_digest_04/russell033104.html
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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RECOMMENDED INTERNET SITES
FOR DAILY MONITORING OF GOLD
AND PRECIOUS METALS
NEWS AND ANALYSIS
Free sites:
http://www.cbs.marketwatch.com
http://www.capitalupdates.com/
http://www.silver-investor.com
http://www.thebulliondesk.com/
http://www.goldismoney.info/index.html
http://www.minersmanual.com/minernews.html
http://www.a1-guide-to-gold-investments.com/euro-vs-dollar.html
http://www.investmentrarities.com
http://www.kuik.com/KH/KH.html
(Korelin Business Report -- audio)
http://www.plata.com.mx/plata/home.htm
(In Spanish)
http://www.plata.com.mx/plata/plata/english.htm
(In English)
Subscription site:
http://www.lemetropolecafe.com/
Eagle Ranch discussion site:
http://os2eagle.net/checksum.htm
Ted Butler silver commentary archive:
http://www.investmentrarities.com/
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COIN AND PRECIOUS METALS DEALERS
WHO HAVE SUPPORTED GATA
AND BEEN RECOMMENDED
BY OUR MEMBERS
Centennial Precious Metals
3033 East 1st Ave.
Suite 403
Denver, Colorado 80206
www.USAGold.com
Michael Kosares, Proprietor
US (800) 869-5115
Canada 1-800-294-9462
European Union 00-800-2760-2760
Australia 0011-800-2760-2760
cpm@usagold.com
Colorado Gold
222 South 5th St.
Montrose, Colorado 81401
www.ColoradoGold.com
Don Stott, Proprietor
1-888-786-8822
Gold@gwe.net
El Dorado Discount Gold
Box 11296
Glendale, Arizona 85316
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Harvey Gordin, President
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Mobile: 602-228-8203
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Investment Rarities Inc.
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Greg Westgaard, Sales Manager
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Kitco
178 West Service Road
Champlain, N.Y. 12919
Toll Free:1-877-775-4826
Fax: 518-298-3457
and
620 Cathcart, Suite 900
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Canada
Toll-free:1-800-363-7053
Fax: 514-875-6484
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Lee Certified Coins
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454 Daniel Webster Highway
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3015 Ottawa Ave. South
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1-800-822-8080 / 952-929-1129
fax: 952-925-0143
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Resource Consultants Inc.
6139 South Rural Road
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Tempe, Arizona 85283-2929
Pat Gorman, Proprietor
1-800-494-4149, 480-820-5877
Metalguys@aol.com
Swiss America Trading Corp.
15018 North Tatum Blvd.
Phoenix, Arizona 85032
http://www.swissamerica.com
Dr. Fred I. Goldstein, Senior Broker
1-800-BUY-COIN
FiGoldstein@swissamerica.com
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