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Marc Faber turns deflationist: Brace for a bust as bubbles look set to burst

Section: Daily Dispatches

9:52p ET Monday, March 29, 2004

Dear Friend of GATA and Gold:

Richard Russell's new commentary sees a big flow
of funds out of general equities around the world. He
writes in commentary just posted at Gold-Eagle:

"The stock market is in the process of building a top
to this counter-trend rally. The top has got to 'look
good.' Why? Because the better the top looks, the
longer the big money has to move out of stocks and
the longer the retail public has to absorb what the
big money sells. It's ironic, it's sad, it's mean --
it's the way of the world on Wall Street.

"My suggestion: Move into cash and hold gold. What
kind of cash? Dollars, euros, yen. Maybe just dollars
if you are an American. Gold? Two-thirds in the metal
and one third in the stocks. Which gold stocks?
Newmont, GSS, PDG, WHT.

"That in a few sentences is my best advice. Please do
it."

You can find Russell's commentary here:

http://www.gold-eagle.com/gold_digest_04/russell033104.html

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

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http://www.financialsense.com

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http://www.howestreet.com

http://www.minersmanual.com/minernews.html

http://www.a1-guide-to-gold-investments.com/euro-vs-dollar.html

http://www.goldcolony.com

http://www.miningstocks.com

http://www.mineralstox.com

http://www.321gold.com

http://www.SilverSeek.com

http://www.investmentrarities.com

http://www.kuik.com/KH/KH.html
(Korelin Business Report -- audio)

http://www.plata.com.mx/plata/home.htm
(In Spanish)
http://www.plata.com.mx/plata/plata/english.htm
(In English)

Subscription site:

http://www.lemetropolecafe.com/

http://www.hsletter.com

Eagle Ranch discussion site:

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Ted Butler silver commentary archive:

http://www.investmentrarities.com/

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WHO HAVE SUPPORTED GATA
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Michael Kosares, Proprietor
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