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Antal Fekete: Part 3 of Peak Gold! A primer on true hedging

Section: Daily Dispatches

9:30p ET Tuesday, September 18, 2007

Dear Friend of GATA and Gold:

Hard-money economist Antal Fekete's third installment in his series of "Peak Gold" essays brilliantly and wittily defends his proposition that any gold mining company's hedging its gold production beyond one year is fraudulent.

Fekete concludes: "I am not sold on the conspiracy theory according to which Barrick [Gold] is a front set up by governments to keep the gold price in perpetual check. Not yet anyhow. But then the only conclusion is that the officers of Barrick are incompetent bunglers whose names will go down in ignominy in the annals of mining."

Yes, many of us are betting that while mining history will not be kind to Barrick, the portrait of Barrick CEO Greg Wilkins already hangs in a place of honor in some secret hallway of the U.S. Treasury Department in Washington.

That portrait and some other interesting things may be located and exposed if Ron Paul is elected president and allowed to take office or if there is some other revolution against the Money Power in the United States. Until then you can find Part 3 of Fekete's "Peak Gold! A Primer on True Hedging" at GoldSeek here:

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

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Join GATA at these conferences:

The Silver Summit
Thursday-Friday, September 20-21, 2007
Coeur d'Alene, Idaho

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Sunday-Thursday, October 21-25, 2007
New Orleans, Louisiana

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