Diamond market is next target for derivatives

12:15p ET Friday, December 22, 2006

Dear Friend of GATA and Gold:

MineWeb's David McKay reports that the Netherlands bank ABN Amro is planning a derivatives market for diamonds. Good grief -- is the real thing running out there as well, so much so that speculative and investment demand must be diverted from the real thing into paper?

You can find the MineWeb report here:

http://www.miningmx.com/diamonds/522710.htm

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

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