James Turk: Central bank dishoarding isn't breaking gold

Section:

10:45a ET Monday, May 28, 2007

Dear Friend of GATA and Gold:

GoldMoney founder James Turk, editor of the Freemarket Gold & Money Report and consultant to GATA, writes in commentary posted today that the recent huge increase in central bank gold dishoarding has failed to break the gold price appreciably in any major currency. That dishoarding will pass as gold consolidates, Turk writes, and soon gold will be reaching record levels in all currencies.

You can find Turk's new commentary, "Gold From Different Perspectives," in the "Founder's Commentary" box in the third column of the GoldMoney home page here:

http://www.goldmoney.com

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

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