Doug Hornig: About those IMF gold sales

Section:

2:55p ET Friday, February 9, 2007

Dear Friend of GATA and Gold:

Doug Hornig of Doug Casey's International Speculator letter cites GATA and our friend Mike Kosares of USAGold.com/Centennial Precious Metals in an analysis "About Those IMF Gold Sales." Hornig concludes:

"If IMF sales do happen and if they depress gold's price, that's a buying opportunity ... for bullion and especially for the high-quality junior exploration stocks that pack the most punch in a rising gold market."

You can find Hornig's analysis at GoldSeek here:

http://news.goldseek.com/GoldSeek/1171037050.php

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

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