Jim Sinclair interviewed on gold by Bloomberg TV

Section:

9:22p ET Thursday, September 28, 2006

Dear Friend of GATA and Gold:

Our friend Jim Sinclair, chairman of Tanzanian Royalty Exploration and proprietor of JSMineSet.com, was interviewed for eight minutes Wednesday on Bloomberg Television. Among his major points:

-- Gold isn't a religion but a currency and is primarily the inverse of the U.S. dollar.

-- The dollar is at a critical level and the U.S. Exchange Stabilization Fund is likely defending it here.

-- Geopolitics and even energy prices are mainly "noise" around the price of gold, not the main determinants of gold's long-term direction.

-- The paper gold market is too small for the big money that sometimes tries to crowd into it and everyone there is front running everyone else.

-- His prediction for the gold price is above $1,600.

You can watch Sinclair's interview at the Bloomberg site here:

http://www.bloomberg.com/avp/avp.htm?T=default&clipSRC=mms://media2.bloo...

Or try this abbreviated link:

http://tinyurl.com/k7zr7

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

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