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World Gold Council considers scrapping bullion fund before it starts

Section: Daily Dispatches

8:55a ET Thursday, June 24, 2004

Dear Friend of GATA and Gold:

Richard Russell, editor of Dow Theory Letters, had
this advice yesterday:

"So what's a poor investor to do? You want my honest
opinion? Cool it -- just sit tight. I've been saying
this for a while and I'll say it again -- sit in cash
with the insurance protection of gold and gold shares.
Markets are all overpriced, stocks yield nothing,
bonds are questionable, and housing in general is off
in space-ville."

You can find Russell's commentary at Kitco here:

http://www.kitco.com/ind/GoldReport/june232004.html

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

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Ted Butler silver commentary archive:

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