The gold mining industry is pretty useless, Grandich laments


12:41p AEST Wednesday, October 15, 2013

Dear Friend of GATA and Gold:

Market analyst and mining company consultant Peter Grandich today laments the gold mining industry's failure to support GATA.

Grandich writes: "There are forces at work in the paper gold market that effectively have a nuclear arsenal while the good people at GATA (thanks to a gold industry that has cut their nose to spite their faces by neglecting the one group that could do more for them than all their horrible management has done for themselves up to now) have had to counter with pea-shooters (and I'm sorry I haven't done more for them)."

Actually, Grandich has done plenty, even if he's right about the uselessness of most of the gold mining industry. But GATA's objectives go far beyond that industry, and as 1st Samuel teaches, even pea-shooters and the like can have their uses when applied with a little courage:

And David put his hand in his bag, and took thence a stone, and slung it, and smote the Philistine in his forehead, and he fell upon his face to the earth. ... But there was no sword in the hand of David.

Grandich's commentary is posted at his Internet site here:

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


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