Murray Pollitt's final commentary: Money mountain

Section:

1:20p ET Monday, February 6, 2012

Dear Friend of GATA and Gold:

GATA has received word of the death yesterday of our friend, Murray H. Pollitt, president of the Toronto brokerage house Pollitt & Co. and longtime advocate of gold's monetary functions. His final market commentary, distributed last week, "Money Mountain," predicting that infinite money creation by central banks would inevitably flow into equities, is posted at GATA's Internet site here:

http://www.gata.org/files/MurrayPollitt-02-03-2012.pdf

Here's Pollitt's biography from the Pollitt & Co. Internet site:

http://pollitt.com/index.php?act=our-people

"Murray H. Pollitt received an engineering degree from the University of Toronto in 1963. He worked as a junior engineer for a couple of years before being introduced to the investment community in 1965 where he started off as a mining analyst for a major Canadian investment dealer.

"Shortly after, he was writing the weekly market letter in addition to his mining research. Murray became a student of the gold market during the latter stages of the Bretton Woods era. He found gold's function as both money and a commodity intriguing, both then and now.

"After five years he left to seek greater 'freedom of expression' and joined a smaller investment dealer where he was an analyst and stockbroker for the next 15 years. Trading gold futures on his own time, he put profits to work for him in Val-d'Or. where he acquired his first gold claims package for himself and friends.

"All of which led to the development, financing, and construction of four Canadian gold mines in which Murray was directly involved. Today two of those mines are operating in good health with over 300 employees.

"In 1984 Murray and two other partners co-founded their own investment firm, which is now known as Pollitt & Co. Inc. As the firm approaches its 25th anniversary, Murray continues to advise clients. He is still an avid writer, respected gold analyst, and president and director of the company."

Pollitt's death is a great loss for our side. Our condolences and gratitude go to his family and friends.

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



ADVERTISEMENT

Free Month Subscription to Market Force Analysis for GATA Supporters

Market Force Analysis is a unique, patent-pending approach to commodity market analysis. An algorithm has been developed to extract supply and demand weightings from futures market data. The difference between supply and demand is the market imbalance that is called "market force," so named because it is what drives price. It brings clarity to past market action and predicts market trends. Because it is derived from accurate futures market data it is not subject to the errors inherent in macro-level estimates of supply and demand.

Learn more here:

https://marketforceanalysis.com/About_MFA.html

Market Force Analysis focuses on short-term (15 days) and medium-term price predictions to help both short-term traders and long-term investors understand market moves and benefit from the generated prediction of prices. To read subscriber comments that show how much the service is appreciated, visit:

https://marketforceanalysis.com/Testimonials.html

The MFA service has been pioneered by market analyst and Gold Anti-Trust Action board member and researcher Adrian Douglas.

The Market Force Analysis premium service provides:

-- A bi-weekly report.

-- Access to the MFA hot list of junior mining stocks derived from analysis of more than 800 mining stocks. The MFA hot list consistently outperforms well-known mining share indices like the HUI, GDX, and GDXJ.

-- E-mail alerts about actionable trades.

-- E-mail updates with important information.

To obtain your 1-month free trial subscription to the Market Force Analysis letter, e-mail info@marketforceanalysis.com and put "MFA Free Trial" in the subject field.



Join GATA here:

California Investment Conference
Saturday-Sunday, February 11-12, 2012
Hyatt Grand Champions Resort
Indian Wells, California, USA

http://cambridgehouse.com/conference-details/california-investment-confe...

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:

http://gata.org/tshirts

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:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

AttachmentSize
MurrayPollitt-02-03-2012.pdf83.17 KB