Stoferle sees negative interest rates supporting gold


2:18p ET Thursday, June 27, 2013

Dear Friend of GATA and Gold:

The new analysis of the gold market by Ronald-Peter Stoferle, managing director of the Incrementum AG investment house in Lichtenstein and adviser to Erste Group in Vienna, concludes that despite the recent smashing of the gold price, "Due to the high levels of debt, nominal interest rates must remain near zero and real interest rates negative, providing a solid foundation for future gold price increases."

Stoferel's analysis is posted in PDF format at Incrementum's Internet site here:

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


Jim Sinclair to hold seminars in July
in Chicago, Vancouver, and Scottsdale

Mining entrepreneur and gold trader Jim Sinclair is planning three more seminars on his view of the markets and gold's prospects -- in Chicago on Monday, July 8, in Vancouver on Wednesday, July 10, and in Scottsdale, Arizona, on Friday, July 12. Details can be found at his Internet site,, here:

Join GATA here:

Liberty Mastermind Symposium
Double Tree Hotel, Dallas-Fort Worth Airport
Friday-Saturday, June 28-29, 2013

* * *

Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:

Or by purchasing a colorful GATA T-shirt:

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

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:

To contribute to GATA, please visit: