Mike Kosares: Gordon Brown indicator predicts gold rally


10:30p ET Monday, April 20, 2009

Dear Friend of GATA and Gold:

Michael Kosares, proprietor of Centennial Precious Metals in Denver and host of its invaluable bulletin board, the USAGold Forum, notes sardonically tonight that the Gordon Brown indicator is flashing another buy signal for gold. That is, accompanied by a chart in support of his conclusion, Kosares writes that every time the British prime minister and former chancellor has put on a great show of the supposed necessity for the International Monetary Fund to sell the gold it claims to have, gold has risen sharply. Kosares' observation comes in an essay headlined "The Gordon Brown Gold Rally Indicator Flashes Buy Signal," and you can find it at USAGold here:


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

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