Summer doldrums can be profitable for gold buyers

1:47a ET Thursday, June 21, 2007

Dear Friend of GATA and Gold:

Technical analysis is almost useless in manipulated markets like gold and silver. Indeed, central banks seem especially prone to intervene against the precious metals at points that technical analysis would find highly significant.

But seasonality may be something else. At least it indicates historical periods of high and low demand, and Centennial Precious Metals in Denver yesterday published charts showing that over the last six years gold purchases made in the doldrums of June and July have returned average gains of 11 percent by the end of the year, or an average annualized gain of 25 percent.

It's something to remember as you sulk over the performance of your gold shares. For the shares always can use the help of people who buy gold to protect their wealth against the ever-increasing monetary debasement of governments and financial markets.

You can find the Centennial Precious Metals seasonality analysis at the firm's Internet site here:

http://www.usagold.com/analysis/doldrums-2007.html

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

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