You are here

Kinross CEO notices paradox of falling Comex price, exploding demand

Section: Daily Dispatches

8:49a ET Thursday, September 11, 2008

Dear Friend of GATA and Gold:

MineWeb reports that in his speech at the Denver Gold Forum Kinross President Tye Burt acknowledged the paradox of the gold price falling on the Comex while physical demand explodes. Of course Kinross and other major mining companies do not yet seem ready to pursue this paradox far, but maybe it's nice to know that they may have this much awareness of what's going on in their world. You can find MineWeb's report, "Kinross CEO Burt Fires Up Gold Investors in Denver," here:

http://www.mineweb.com/mineweb/view/mineweb/en/page34?oid=62207&sn=Detail

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

* * *

Join GATA here:

Silver Summit
Thursday-Friday, September 18-19, 2008
Best Western Coeur d'Alene Inn
Coeur d'Alene, Idaho
http://thesilversummit.com

Toronto Resource Investment Conference
Saturday-Sunday, October 4-5
Metro Toronto Convention Centre, Toronto, Canada
http://goldshow.ca/ch_tor2008.html

New Orleans Investment Conference
Thursday-Monday, November 13-18, 2008
New Orleans Marriott Hotel
http://www.NewOrleansConference.com

* * *

Help Keep GATA Going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at http://www.gata.org/.