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James Turk: The commodity 'cycle' is not over

Section: Daily Dispatches

10:51a ET Sunday, Ocober 1, 2006

Dear Friend of GATA and Gold:

GoldMoney founder James Turk, editor of the Freemarket Gold & Money Report and consultant to GATA, gets out his charts to dismiss suggestions that commodities are finished. In "The Commodity 'Cycle' Is Not Over," Turk writes:

"Both gold and silver have a long way to climb before the bull market that is driving all commodities higher breathes its last breath. The reason is simple. People are exiting the dollar, and they will continue to do so until the problems adversely affecting the dollar are fixed -- and no one is taking steps to do that."

You can find Turk's analysis in the "Founder's Commentary" box at the top left of the GoldMoney home page here:

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

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