ScotiaMocatta acknowledges gold carry trade, sees it ending


11:08a ET Wednesday, December 10, 2008

Dear Friend of GATA and Gold:

MineWeb's Dorothy Kosich reports on a ScotiaMocatta analysis of the gold and silver markets that acknowledges the gold carry trade and says it is coming to an end. That's almost as good as acknowledging that central banks have been suppressing the gold price. Kosich's report is headlined "Trend of Gold as Store of Wealth 'May Start to Snowball' -- ScotiaMocatta" and you can find it at MineWeb here:

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

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