On BNN, Embry warns of failure of December gold contract

Section:

8:30p ET Tuesday, October 21, 2008

Dear Friend of GATA and Gold:

Sprott Asset Management's chief investment strategist, John Embry, went on Business News Network in Canada this morning and, interviewed by Amanda Lang, discussed, among other things, the suppression of the gold price on the New York Commodities Exchange. Embry speculated that long contract holders may call for delivery of enough December contracts as to prompt a claim of force majeure when the exchange cannot delivery enough real metal. The interview with Embry begins at the 11-minute mark and continues for about 6 1/2 minutes at the BNN Internet site here:

http://watch.bnn.ca/tuesday/#clip104603

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

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