John Embry: Rescue will send gold to surreal price level

Section:

11:53p ET Friday, October 17, 2008

Dear Friend of GATA and Gold:

In his latest essay for Investor's Digest of Canada, Sprott Asset Management's chief investment strategist, John Embry, remarks that it is becoming socially acceptable among people in the financial establish to acknowledge that governments might be tampering with the gold and silver markets. Embry adds that the U.S. government in particular will not shrink from any degree of currency debasement to rescue the financial system, and that this will be the vindication of the precious metals. Embry's commentary is headlined "Rescue Will Send Gold to Surreal Price Level" and you can find it at the Sprott site here:

http://www.sprott.com/pdf/investorsdigest/digest.pdf

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

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

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