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Peter Grandich challenges the Tokyo Rose of the gold market

Section: Daily Dispatches

9:30p ET Wednesday, March 3, 2010

Dear Friend of GATA and Gold:

Agoracom market commentator Peter Grandich was delighted today to be sort of bribed by a friend into exposing some classic anti-gold propaganda that was issued in May 2007 by an analyst Sprott Asset Management's John Embry has called the gold market's Tokyo Rose. That anti-gold propaganda resides in a YouTube-archived video interview from, and Rose's interviewer might be considered the gold market's Lord Haw-Haw.

When the interview was recorded and Rose and Haw-Haw were doing their best to discourage investing in gold, the metal's price was about $660. Thirty-four months later gold is trading at $1,137, about 72 percent higher, or an average gain of more than 2 percent per month.

Grandich has challenged Rose to a debate about gold on Canada's Business News Network. Such an event may be a long time coming, so in the meantime you can read Grandich's commentary, headlined "Grandich Can Be Bought," at his page at Agoracom here:

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

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